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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (234)	2/27/2000 10:01:00 PM
From: IndexTrader	Read Replies (1) \| Respond to of 33421

Dear GZ, Thanks for the response! The Naz chart is amazing. I will watch the 4150 area that you spoke of. I would think that if we break that, and then 4000, we should have some nice steep forks to the downside. I was tempted to buy QQQ puts on Friday, but I decided to wait until the turn is confirmed. Thanks again Susan

To: GROUND ZERO™ who wrote (234)	2/28/2000 11:11:00 AM
From: Jon Matz	Read Replies (3) \| Respond to of 33421

GZ, I'll ask James Hopkins the same questions, but he seems to be missing in action since last month. I've just completed a study of the Dow Jones Industrials and the math doesn't work out. Perhaps you can see something I missed. The Dow is down by 16% off the peak according to the index. My study shows the following. Note every single one of the 30 stocks are down from their peak by the following percentages. 5-10% = 2 Stocks 11-15%= 0 16-20%= 4 20-25%= 7 26-30%= 7 31-35%= 5 36-40%= 3 41-45%= 2 It is quite easy to see that the "average" is down over 25%, but the index "says" 16%. I thought that market cap might be playing a major role so I decided to check the average decline of those BIG companies in the index that have a market cap 100 Billion and above. There are a total of 16 companies with market caps 100 Billion plus. The experiment should have showed an average decline at least a little below 16% to adjust for the total average of over 25%, at least I thought so. But the average decline of those biggies is 24%. What the heck?????