Printer Friendly

eMail Article

September 12, 2000

The Gorilla Index
by Chart of the Week

InvesTech Research

Closer and closer... our Gorilla Index of momentum stocks could break the "neckline" of this head-and-shoulders top formation at any time now. The more decisive the break, the stronger the evidence that the final top is in place and the bear is back in control.

* These 17 stocks represent the behemoths in the major market indexes. Composed of only 3% of the 500 stocks in the S&P 500 Index (25% by capitalization weight), they accounted for almost 60% of the S&P 500 Index's rally from the October1998 lows.

Image rendition and html coding Copyright © 2000-2008 SafeHaven.com

« BullionVault.com -- Buy gold online - quickly, safely and at low prices »
« Honest Money: A History of U.S. Gold & Silver Currency -- by Douglas V. Gnazzo »

« Opinions expressed at SafeHaven are those of the individual authors and do not necessarily represent the opinion of SafeHaven or its management. Articles are available via RSS/XML. Please visit RSSHelp for instructions. »