MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Lizzie Tudor who wrote (15769)	1/12/2003 5:19:46 PM
From: Steve Lee	Read Replies (1) of 19219

"the indexes are much better than the overall picture... ...This metric will always be worse than the indexes will show just because so many companies dropped off" Not so. For all the companies that have been dropped from the Nas Comp, work out the market cap the day before they were dropped and add them together. Then express that total as a percentage of the Nas Comp peak market cap. That is the amount by which the total market cap decline has been greater than the Nas Comp decline (give or take for buybacks and new shares issued). I doubt you will get to a tenth of 1 percent.

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