MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: James Strauss who wrote (463)	8/8/1999 12:14:00 AM
From: James F. Hopkins	Read Replies (1) of 19219

Jim ; A problem with using foreign indexes is that they can be very misleading as they are not adjusted to changes in the currency. --------------- quote.yahoo.com^AORD&d=1ys compared to quote.yahoo.com EWA tracks the main stocks in AORD but it shows up in US dollars. ----------- quote.yahoo.com^N225&d=1ys to quote.yahoo.com ------------------ The US just hasn't been doing as great as many people have been lead to believe by the hawkers who just want to sell stocks, and push out ever more IPOs. ----------- Using the WEBs instead of indexes most often tells more about what's really going on, other wise you have to over lay the chart with a currency chart vs US dollar. Both the $AU and the YEN have gone up dramatically against the $US , so just charting their index against the S&P don't produce apples to apples unless you add or subtract the changes in currency from point to point. Jim

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