To: joe smith who wrote (22458 ) 7/27/1998 7:42:00 PM From: James F. Hopkins Read Replies (2) | Respond to of 94695
Only towards the end of a Bull run, the small caps catch on fire because the value is really in them, that fire attracts more campers , and then keeps burning after the Blues start down, it's OK until money comes out of the Blues to feed it. But it's a relative motion thing, looking at historic values and picking an arbitrary number or point of reference of small cap vs small cap is not what I'm talking about..not even traditional values of Small cap vs Blues, ( just the fact that money starts pulling out of blues to small caps, that kills the liquid of the market is bad ). It's ok and another thing if the blues slow down and the smalls go up at a faster rate..as long as the blues don't suffer to run up the small caps. I expect a run in small caps fairly soon, as they have been hammered down, but if it happens at too fast a rate and the blues don't hold their ground then forget it. BTW 4 of my Magic Ten are trading up after hours, and they were already up 1.37% at the close. -------------------------- I want to add, I do not look at the market the way most analcyst do, not even the traditional TA, as I'm not a TA expert at all, in fact I'm not an expert in any sense but I'm getting better, and I mean better when I look at me vs me. I've turned into more of a strategist than anything, trying to watch the Flow of things. have this Big picture of the fact that we have more Mutual Funds than we do Stocks !! The real competition is not so much the Stocks as it is the frigging Mutual Funds trying to out do one another.. It's a war of the MOs MOs ( momentum funds ) and also indexers. If earnings had any thing to do with it all; other than create a bunch of knee jerks the small caps would not be so beat up right now. <G> Jim