Key Point
                       If a certain stock is outperforming the S&P  500  andis part of the index or is some other liquid big cap name, you can bet  thatthe institutions will overweight this stock and build a  large  position  asnew money comes in.   They have to beat the S&P  500  regarding  performanceso they must chase winners in this  pursuit.   This  aggressive  performancegame to stay ahead of the S&P. 500 is responsible for  the  explosive  movesout  of  short-term  consolidations  and  pullbacks  during  the   advancing(declining).  As day traders we want to ride these waves.                       The big cap S&P 500  hysteria  helps  us  as  tradersbecause we will often get a major  assist  from  program  trading,  momentumthat are front running the  institutions,  option-related  trading  and  thespecialist/market makers  propensity  to  commit  capital  to  the  big  capstocks.                       There will be times that you  will  spot  the  stocksjust as they break out of the accumulation or distribution phases,  and  youcan get involved early, but I believe as a day trader you are better  servedgoing right to  the  high  relative  performance  stocks  already  into  theexplosive advance.  Remember, when the Generals are running then we want  tobe on board.