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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (49944)	3/5/1999 4:33:00 PM
From: John Graybill	Respond to of 132070

The Russell 2000 Index is my choice of index to watch to see what's really going on. It's not a question of profits per company, it's the number of companies. Easy to jack around the 30 stocks in the DJII or the four or five stocks in the S&P and OEX that account for nearly half of the movement in the index. Lots of short-term fake-outs in the other indexes that get filtered out in RUT. Today's RUT graph says to me that we were selling off on weaker and weaker rallies until They got concerned that DJII wouldn't close +200. We got some big downside next week, IMO. Maybe mid-way through the MS/DW semi tout-fest.