Jim,
Thanks for your data on the Magic-10 of the big 100 and the influence it has..
Along these lines, I have often thought about a fluid and dynamic index that each day looks at the top 1000-2000 traders of all exchanges, that is unweighted, and goes by top volume and dollar-value
of trading, a sort of combination of On Balance Volume and Money-Flow.
In my mind, it would give a truer reading of all markets, without
bias towards small caps vs. big caps, out of favor vs. in favor and
the biggest bias of all, when "they" move a dog out of a popular index
and replace it with a greyhound..
It would also give a better historical base line for stocks vs.
bonds, cash etc.. Because it would, without subjectivity, remove
"old stocks' in "old technologies...
Just a thought from ....a Coug.. hunting for a kinder and fairer
market index |
