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

To: Smooth Drive who wrote (14112)	5/16/1999 9:38:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Eric Stevens: I already have such an Index see my "Featured Chart" on the MDA Web Site at: homestead.com It is a composite index of the NYA (NYSE Composite) and COMPX (NASDAQ Composite). I have been displaying it on and off on the site for the last couple of weeks. I also have a proprietary index made up of 24 stocks. But I keep that one private. Regards, LG

To: Smooth Drive who wrote (14112)	5/17/1999 12:04:00 AM
From: Les H	Respond to of 99985

It depends on which market one follows. For the Dow, I've been using five stocks: AXP, C, JPM, WMT, and GE. The following is a good link to Nasdaq and high growth stock analysis: hgsinvestor.com . I have an index of mutual funds that I track, and they've mostly formed triple tops and appear ready to break their 50-day moving averages soon. Some of them are: JAVLX (Janus Twenty), LMVTX (Legg Mason Value Trust), Marsico Focus (MFOCX), BARAX (Baron Asset), and TLFQX (Firsthand Tech Leaders). These are more representative of aggressive growth funds. Many of them had their severest breaks after the first top when I presume they dumped the internet stocks.

To: Smooth Drive who wrote (14112)	5/17/1999 12:52:00 AM
From: Les H	Read Replies (1) \| Respond to of 99985

Here are the correlation coefficients for the indexes versus the Dow since the 10/18/98 bottom: INDU 1000 NYSE 903 OEX 884 SPX 880 RUI 876 (Russell 1000) NFT 845 (Multinational) CMR 795 (Consumer) VLE 782 (Value Line Arithmetic) CYC 774 (Cyclical) XVG 771 (Value Line Geometric) BKX 765 (Bank) IUX 701 (Insurance) RLX 698 (Retail) AUX 695 (Auto) MID 694 The highest correlated stocks to the Dow since the 1/21/98 bottom are in order: AXP, GE, C, JPM, and WMT. The highest correlated stocks to the Nasdaq are: CSCO, DELL, INTC, SUNW, LU, MSFT, and EMC. You also mentioned funds. I gather Fabian is using the most widely held funds such as Vanguard's S&P index fund, Fidelity Magellan, Janus Fund, T Rowe Price New Horizons, and American Century Growth.