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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (37261)	12/5/2000 12:03:33 PM
From: James F. Hopkins	Read Replies (1) of 42787

Well just when I was getting tired of flipping I find I have to sell my QQQ taht I bout. The Gap UP is stronger than it should be. --------------- I'll look at the DOW 30 some more , I use to watch it a lot as it has an odd characteristic when compared to other indexes. For some years it has under-did the S&P but that could change with the amount of tech being brought in it. Price weighting equates to each stock moving the index exactly the same "per point the Stock moves".. Higher priced stocks have bigger point moves and "can" cause the most volatility in a so called "price weighted one" which by the way winds up holding the exact same amount of shares of each stock in it. Any time you own the exact amount of shares of each issue you have what they call a "price weighted index" the SOX works like that too. ------------- With the DOW each 1pt move of any stock in it effects it the same amount "right now that's just over 6 dow pts." The irony is that the Highest price but lowest Float stock on a relative base ; that is in the DOW will tend to skew her the most on news. BTW today it's MMM and JPM that have pushed the dow up the most. While INTC % gain is about 9% it only put DJI up 18pts..and MMM has gained almost 11% ( 2% more) but it pushed the DJI up 68pts ! ----------- Well I sold my QQQ, but will wait a bit before I short it.. I have no doubt the Gap Up will back fill but we could spike again before that starts. Jim

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