<<The OEX & NDX are connected at the hip.>>
Bernie, Dan, couldn't help but see the comments on synergy between OEX and NDX. Don't know why
(I am just an observer in the overall) but on the following dates BOTH OEX and NDX reached a local or
midterm top/bottom:
1/31, 2/22, 3/24, 4/14, 5/16, 5/24, 6/20, 7/17, 9/1, 10/13, 10/23, 11/13, 11/30.
On the following dates the local top/bottom was shifted
by as much as four days:
5/1, 7/28, 11/6.
OEX top/bottom - NDX top/bottom
4/26 5/1
7/28 8/3
11/8 11/6
So out of 17 peaks and valleys on OEX and NDX
only 3 times did they disagree and those four times
were only separated by a maximum of four days.
For all practical purposes these indexes move lock
step insofar as a local top or bottom is concerned.
As Berney pointed out the magnitudes or percentages
of change of each of the indexes is different.
CU
Paul Kellam |
