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Strategies & Market Trends : Waiting for the big Kahuna

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To: Spots who wrote (12855)1/9/1998 11:07:00 AM
From: James F. Hopkins  Read Replies (1) of 94695
 
Spots; For a fact I know your wrong on the Dow Index,
It is not weighted via price or market cap, and thats a fact.
Each issue can alter the index the same amount for each dollar
it changes in price. I could look up the diviser they use,
but don't have time to get back into that,
anyway it applies to each stock the same, regarless of
price or market cap. A $1 move in GE is no different to the
index than a $1 move in UK. Had I not discovered this I would
not have gone to the troble of creating my own, which are
weighted..both ways ! And they most often differ a lot from what
the Dow shows.
Jim
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