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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (31435)	10/26/1999 9:42:00 AM
From: Les H	Respond to of 99985

IPO to promote safe truck driving news.excite.com

To: Benkea who wrote (31435)	10/26/1999 9:54:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Benkea: Or someone, could you post a link to a story about the Dow 30 change. I went to the old DowJones.Com site and it has change dramatically. There is no access to the averages and there is no story about the change. At least I can't find it... Regards, LG

To: Benkea who wrote (31435)	10/26/1999 1:40:00 PM
From: James F. Hopkins	Respond to of 99985

Benkea; If the Dow falls it won't be related to the ones getting kicked out. Arbitragers who bought the ones going in , will also support other stocks in the DOW , so that the swing will be smooth and the ones they bought will "fit" it's very complicated but things will get re-weighted come Friday close, and all will "fit" with that close. While the NDX and S&P get a spike out of the buying of MSFT and INTC as they are cap weighted..the effect on the DOW just won't be hardly anything ( until after then it will track the Naz a little better ). The Dow is not cap weighted , some say it's price weighted and that's true in a sense, but really the small caps in it change it just as much as the big caps per dollar move. Anyway don't count on the effect of the ones getting kicked out causing her to drop, if she drops it will be for other reasons. If any thing she might look more attractive to the buyers of futures. The ones going out will lose, but "others" besides the ones coming in will be bought to make the fit, then next week the "others" may give back their gains. Big Arbitragers have a handle on this, and it's a bit too complicated for me to explain very good without making the post 10 pages long. Jim