HI Bill; Well I'm trying to set it up were I don't have to plug
in info on a regular bases. I'm trying out a program I got off
the internet that saves data in excel format. So I import it into
excel, ( I don't like excel so I save that in 123 and then load it in
123 ) I'm an old hand at 123 , and I'm still refining the templet
that does the work on the data. Haven't yet made up my mind
fully which way would give me the clearest picture.
In 123 templet I have the ( shares outstanding ) which can
adjust the market cap of each as they change, so I can do a
re-weighting on the fly. That is taking things a bit far, almost
like nit picking it, and may defeat what I think I'm looking
for, as it may smooth out the curves to much. I'm still studying
on that part.
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Let me say this , The guys who pick up the Dow componets,
do one heck of a job, and put a lot of thought into things.
My disecting it is not exactly a one up on them, what I'm
doing would be almost useless with out the DOW to compare it to.
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I've read the history of The Dow and all the changes they have
made over the years. It still does a fair job of refecting
the market. It's just behind the real curve a bit and can't help
but be that way. In doing this building of my own indexes
I've discovered other basics I would never have looked at
before. And want to run some test on them. I'm a long way from
making up my mind about the best way to do it, let alone finished;
right now it's in sort of trial and error phase.
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The general gist is; I think I can do sectors as well, say tech.
If it's true that the larger caps do set the basic trend while the
smaller ones surge both ways ( percentage wise ), ( This is
what seems to me the general rule)
So like the tail on a dog, shows his mood. The percentage
of tail signal should send me some signs.
Like when the dog dips and tucks his tail between his legs
and humps his back you know what that means.
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Right now it seems the dog has rolled over on his back and is
in the surrender mode.
Still the currency market looks strong enough to wip this thing
around, however if the G7 does get involved with Asia,
and the idiots that think the dollor is to strong get controal and
devalue it; equities could and will likely get in a serious jam.
Their one track thinking borders on insanity; no it is insanity.
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The majority in the G7 can't stand to see America prosper,
or get ahead of their precious Euorpe to much.
Jim
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