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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.31

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Dec 26 4:00 PM EST

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To: Crimson Ghost who wrote (64928)	12/25/2000 12:09:43 PM
From: James F. Hopkins	Read Replies (1) of 99985

George: I looked for the same thing and wondered about it, how every lets keep in mind the Dow did go below 1000 this year and the changes made in the DOW since 1998, has also caused her to become more of a hybrid index. She is a lot more techy than she was in 98, and she did dip hard early this year. The Dow has not done as good as the S&P in years, but her changes are going to have her out doing the S&P in the future. ---------------------- I don't think you can use the historic relationship of indexes, when one has made dramatic changes in it's make up. BTW when the GE & Hon marriage is final they will add another stock to the DOW to replace HON..you can almost bet it will be a tech..( CSCO or EMC ) are my best guess. Jim

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