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

To: Chip McVickar who wrote (37981)	3/5/1999 4:37:00 PM
From: bearshark	Respond to of 94695

Chip: Wow. The INDU never looked back. I added up all the INDU stocks last year to find out how much of the SPX they represent. It was 25 %. There are other big NYSE stocks in it too. I think I did the same with the OEX too. If I remember correctly, the OEX either has 20 INDU or 20 INDU and TRAN stocks in it. If that is not it, then maybe it was 20 percent of the value. I cannot remember anymore. The volume was decent today but not really great. Not enough people are on board yet. If this is real, we should have a billion share day on the NYSE next week. Now, I hope to see the INDU test the apex of its triangle. I think more and more money is in the hands of the funds now. I have no basis so it is only an assumption. I assume there were plenty of individuals with losses last year. In November, we had a little dip and I thought it was individuals selling their losers. I think this went into early December. I think it may show up in the RUT. I cannot remember now. Anyway, I assumed they looked at the funds and figured they could do better by putting their money into funds rather than investing it themselves. Because of what I thought I was seeing, I was bullish in December expecting the funds to dump this money into stocks. I assume it happened because the market rose at the end of December. Now there is more money concentrated in funds if my assumption is correct. That would help to explain the thin rally and the awful A/D line. Oh, well. Next week will come. The INX should be close to the top of its ascending triangle now.. We could have an exciting week next week.