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


To: HairBall who wrote (24563)8/18/1998 12:24:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
LG; sorry it was so long, the heart of it is
TA while on a single issue the market cap changes in exact proportion, to the price, but this does not happen to indexes
even the cap weighted ones get jacked out of proportion.
My contention is the Market cap of the market represents the
market and not the index price, the room for error is substantial
both on tops, bottoms and time between peaks.
Jim