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[sharechat] The Dow, S&P and Gloom

From:	"Brent Wheeler" <brentw@bwcl.co.nz>
Date:	Tue, 19 Oct 1999 07:35:56 +1300

To me much more significant than the Dow movements is the fall in the broader based S&P. Media focus is always on the Dow - I guess because of it's "blue chip" nature - but when the fall is mirrored or even passed by changes in the S&P 500 there is cause for concern - or, if you are gutzy enough, a decent short position. The fall in the S&P over the last week has been significant. Worth a thought.

Dr Brent Wheeler
Director
Brent Wheeler & Co. Limited
AUCKLAND

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