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

To: Monty Lenard who wrote (25177)	8/25/1998 7:52:00 PM
From: Karl Lewin	Respond to of 94695

Two more "Market Internal" type reports...don't know if they are of value but thought I'd throw them out for comments (again)... NYSE, Nasdaq, and AMEX together broken down by Market Cap: flash.net NYSE, Nasdaq, and AMEX together broken down by Sector: flash.net Not really enough history yet.... Comments, suggestions welcome....

To: Monty Lenard who wrote (25177)	8/25/1998 8:20:00 PM
From: Vitas	Read Replies (1) \| Respond to of 94695

McClellan Humor The greater number of issues traded on the NYSE definitely has an effect on the amplitude of the Oscillator and Summation Index. By the way, our calculations showed that the all-time low was at -2247 on May 27, 1970. On an adjusted basis, this equates to around -6200 given the current number of issues traded. Wouldn't that be scary?! The reason that 1000 is used as the neutral level on the A-D Summation Index goes back to the days of manual calculation. Sherman and Marian did not like having to deal with negative numbers because without even a hand held calculator the negative numbers made the calculations somewhat more difficult. They had noticed that the Summation Index had a total amplitude of about 2000 points, so they recalculated all of their existing data (1962-1970) to move the neutral level to +1000 so as to avoid having negative numbers, except in unusual circumstances. You can make an adjustment for the greater number of issues mathematically by using the ratio adjusted formula, or mentally by just noting that the levels are not the same. The choice is up to you. Thanks for asking. Tom McClellan

To: Monty Lenard who wrote (25177)	8/25/1998 8:53:00 PM
From: James F. Hopkins	Respond to of 94695

Hi Monty; Well it doesn't show much improvement , in fact maybe at little slippage on the broad market. The notable one at least for me is that T50 S&P500, as that's the Nifty Fifty, I'll add that today for the second day running the 2nd 25 performed better than the top 25. The Magic ten did the best, and I've not yet got around to changing them as we talked of. We could see some downside tomorrow, but any one who has been tracking the Nifty 50, or the Magic ten should see by now why these stocks are so popular. Even in the tough times. Jim