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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (12159)	4/27/1999 11:15:00 PM
From: NickSE	Read Replies (2) \| Respond to of 99985

SO, FWIW, the RUT P&F chart shows Jan. 99 resistance levels taken out today with a break of 436 giving a buy signal. The VLE P&F chart also has given a P&F buy signal today with a break of 975. In the case of the RUT that resistance was at 435.30 (Jan 99) on Monday it closed at 434.97. Today it hit a high of 437.65 but FAILED to break that level on the close when it closed at 435.16. Regards, Nick

To: StockOperator who wrote (12159)	4/28/1999 1:58:00 AM
From: Berney	Read Replies (1) \| Respond to of 99985

SO, let's put all this in historical perspective. It is my philosophy that the Big Boyz rule and will continue to rule until proven otherwise. At the end February, there were 54 U.S. companies with a Market cap of more than $50B. These 54 companies comprised 46% of all the U.S. equity traded on the exchanges. The annualized 3 year return of these 54 companies was 45% vs. 27% for the Index. One can only imagine what happens to the investment performance of the others, when you bring these 54 companies into a market cap system and the average declines from 45% to 27%. As for the universe of U.S. companies, a CD would have been a better investment. The annualized, 3-year investment performance of the some 6,500 U.S. companies was a dismal 3.6% (that's not a typo folks). I'll conclude here and let you and others ponder the significance! TB