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

To: Moominoid who wrote (35646)	12/24/1998 10:27:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

For me they are liquid at this time, as I won't be trading all that many, the spread is he thing to watch..but none the less the way they are set up similar to the spy and mdy, they will step with the index they represent. + or - maybe 1/2 of 1% , at the most, it's not supply demand on them, that changes their price, as these are index funds, however low volume make cause the specialist to want more of a spread. Yesterday I saw some of them with just a 1/32 spread, others were as much at 5/16, the specialist has some lee way with the spread, but the units will still track the respective stocks, it's not like a CE, it's like an open end, but you can buy and sell during the day and are not stuck with the closing price, so here you can take advantage of the high or low of the market during the day. ------------------------ Also I'm tracking the TOP stocks weight wise in each, to get a feel how they will move. Ie scroal over >> Symbol Name Last Change Open Prev Cls Day's Range 52-week Range Gain Trade Date Avg Vol Volume Bid Ask XLI THE INDUSTRIAL 23 11/16 0 0.00% 0 23 11/16 0 0 23 3/16 23 3/4 $0.41 +1.74% 22-Dec-98 N/A 0 23 55/64 23 15/16 GE GENERAL ELEC CO 101 5/8 +1/4 +0.25% 101 3/8 101 3/8 101 3/8 101 11/16 69 101 11/16 $25.22 +2.59% 22-Dec-98 5,593,863 233,300 N/A N/A TYC TYCO INTL 72 7/8 +5/16 +0.43% 72 1/2 72 9/16 72 1/2 72 15/16 40 1/4 72 7/8 $13.65 +4.01% 22-Dec-98 1,991,590 96,100 N/A N/A MMM MINNESOTA MINING 72 15/16 +7/8 +1.21% 0 72 1/16 72 5/8 73 65 5/8 97 7/8 $6.55 +3.09% 22-Dec-98 1,092,045 129,800 N/A N/A EMR EMERSON ELECTRIC 61 3/8 +11/16 +1.13% 0 60 11/16 0 61 1/2 54 1/2 67 7/16 $7.29 +3.59% 22-Dec-98 831,136 71,500 N/A N/A ALD ALLIEDSIGNAL 43 5/16 -5/16 -0.72% 43 3/4 43 5/8 43 1/4 43 3/4 32 5/8 47 9/16 $3.27 +1.76% 22-Dec-98 1,198,590 52,300 N/A N/A WMI WASTE MANAGEMNT 44 11/16 -3/16 -0.42% 44 7/8 44 7/8 44 5/8 44 7/8 34 7/16 58 3/16 $4.71 +2.88% 22-Dec-98 2,322,954 19,300 N/A N/A ITW ILLINOIS TOOL WK 61 3/16 -1/4 -0.41% 61 1/4 61 7/16 61 1/8 61 1/4 45 3/16 73 3/16 $5.21 +4.15% 22-Dec-98 449,681 32,900 N/A N/A CAT CATERPILLAR INC 42 3/4 +3/16 +0.44% 0 42 9/16 0 42 7/8 39 1/16 60 3/4 -$1.64 -1.30% 22-Dec-98 1,749,772 159,200 N/A N/A --------------- More often than not they will lag the bigger caps that are in them trend wise, and this should give a small trader like myself a slight edge when trends are strong. While XLI has 35 companies those 8 above when strong will signal the move. Others are much the same, one of them I track 13 companies, but most are from 6 to 10, ( they are cap weighted so the top ones will skew the index the most ) Jim Jim