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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Jon Matz who wrote (46115)2/28/2000 12:48:00 PM
From: William H Huebl  Respond to of 94695
 
Your method presupposes all stocks are the same price and they are not.



To: Jon Matz who wrote (46115)2/28/2000 8:44:00 PM
From: kimberley  Respond to of 94695
 
Jon,

It's because the individual stocks in the index didn't peak in unison, therefore they can be off a bigger % from their high than the index is collectively. Hope that makes sense.

best,
kim