Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (14292)	2/19/1999 7:44:00 PM
From: james ball	Read Replies (1) \| Respond to of 34811

Very good question Jim and indexing may have changed things a little. or these indexes have lost thir value. I know the Dow JOnes has lost its value and the S&p is increasingly being pulled by 10 stocks or so. Last year the average stock took a major hit and the indexes did well if you owned the index which fostered more indexing. Indexing can easily unravel too. The same forces that are self fulfilling can have the opposite reaction. IN 1990 it was the month of October that caused the averages to catch up to what was happening with the AD line and bonds all year long. The same in the end of 1998. In july the averages including the NYSE went to new highs while the bullish percent never waivered and continued to march down. Possibly the averages will catch up near term. In 1994 the broad market got wacked but the Dow JOnes and S&p did not lose. The reality of it all is what your account is doing at months end. I wish there was a clear answer Jim. Tom