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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jimsy who wrote (24329)	5/26/1999 11:34:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Philly Bank Index. It's a widely accepted theory that certain sectors "lead" the market at different points in the cycle. Usually the prevailing opinion/fact is that the Banks outperform in a mature phase of the market. So, when the BKX and the BIX(?) or whatever the NY Bank Index is called get pumped the SPX tracks it very closely so people watch the BKX to get a clue as to the action of the Broad Market. Of course, it's the Final Phase of a Bull Move so when the BKX outperforms then caution should be the watchword. That's pretty much the thumbnail sketch.