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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (173432)11/12/2008 2:09:24 PM
From: Win-Lose-Draw  Read Replies (1) of 209892
 
As near as I can tell, it's because XBD has GS/MER/JPM etc while the other one has BAC/AXP/C etc. While they're all down approximately the same percentage-wise, in absolute dollar amounts the broker stocks are losing much bigger amounts. Normally that's a whatever, but a quick run through the weighting scheme suggests this may be an artifact of index construction using weighting.

Have I told you lately how much I love the non-weighted Dow? :)
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