Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (28744)	7/27/1999 12:49:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

<it has held up better than all of the indexs.> It's plodded differently...if I recall correctly without looking. That is to say, there were days that the SnP rocketed while the Dow lagged, so during the retreat the Dow appeared to hold up better because the SnP was more extended. Take 7/2....7/6/99 the Dow was up 68.70 points. The SnP was up 24.2 points. Based on the SnP, the Dow should have been up about 200 points. This was an isolated case, but pretty representative of the overall move. On 6/25 the DJIA Closed at 10554.15 and the SnP at 1329. At it's peak, the SnP Closed at 1427.50; the DJIA Closed at 11200.98 the same day. DJIA Gain SnP Gain 11200.98 1427.50 -10554.15 -1329.00 ========= ======== 646.83 98.50 A 98.5 move in the SnP suggests (if the DJIA was keeping pace) roughly an 800 point move in the DJIA. So the SnP outsped the DJIA by 24%. EDIT Actually, if you went back another week to the Start of the DJIA Up Move the ratios are even more dismal, as the DJIA was at 10490.51 and the SnP at 1309.30 It's all a matter of perspective, is what I am driving at.