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

To: OX who wrote (243)	2/28/2000 12:24:00 PM
From: Jon Matz	Read Replies (1) \| Respond to of 33421

Thanks OX, if you meant price per share, the math still doesn't work. Out of the six stocks selling for $100+ the average decline off the peaks is still 17.8% and the percentages drop more the lower the price averages. So even if the DJI only measures the stocks above $100 to set the index, it's still not right. Edit: PS: Is the price weighted deal some kind of important indicator or was it picked as a purely arbitrary one. It doesn't seem to me to be anywhere near as important an indicater as "anything" else. <ggg>