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We have seen in the AIQ ER ratings on the Dow Jones Industrial Averages
give rather contrary readings. Taking a look at the S&P100 and 500
provides the following view. Expert ratings of 100 up and 0 down were
generated for the S&P100 and the S&P500 on Monday 11/17/97. These are
significant ER measures for groups of 100 and 500 stocks. The may have
been assisted by weekend news that a "deal" was in the works with Iraq.
Such be the case they might not lead to the advance they indicate if such a
deal is not fulfilled. On the other hand this is Expiration week and if
the weeks prior to E week are down, then E week has a net positive bias.
BobR
http://www.oextrader.com/momentum/momentum.htm
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