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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (22287)	7/25/1998 11:48:00 AM
From: coug	Respond to of 94695

Jim, I was thinking more on the lines of long term indices. Some thing new to replace the fixed-stock common indices, from the DOW to the Russell 3000, which are all fixed with specific stocks. I would like to see a NEW news wire such as Bloomberg, whom I respect BTW, start one.. IMO, the old wires, have too much of a vested interest to change.. With all the computer-power now, a new fluid dynamic index could be constructed back to the time those guys first tried to hoodwink each other under that tree.. As far a intraday short-term indicators go, I've deveolped some that are very effective giving short term turning points.. They are a combination of volune, MV, Beta, and Price of course. They can not see into the fuure, but do give me enough time to make a index futures trade or to sometimes take a options position. I look at 1',3',5',15', & 60' bars RT. Right now, 5'&15' seems the best for a couple of days look.. and they are about in-sync.. which is little weird, because shorter time frame are usually faster and choppier.. BTW, they are still Negative, but at a TP for either another down-leg or a rally attempt.. One hour after the open on Monday could give me a direction.. I can't seem to market time my type of stocks with my indicators.. Right now, I have a few big ones I'm holding on to and I do trade the small internets...plus IPOS and a myriad of penny golds... Good luck.. the Coug.