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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Stephen who wrote (31746)	10/2/2000 5:18:47 PM
From: donald sew	Read Replies (3) \| Respond to of 42787

Stephen, Just by looking at the SPX, it was flat, only down 29 cents. I recall that the SPX is made up of about 35%-40% of NAZ stocks. If someone can re-verify that, please assist. I consider the overall market as an even weight of the DOW/SPX/NAZ. Also, I consider flat as being +/- 50 DOW points, which I have mentioned often in the past. The DOW was up .46%, NAZ down 2.82%, SPX down .01%. Take the average of the 3 and you get .79%. .79% of the DOWs open today is about 84 points. Slightly worse than flat. Of course many would disagree with my evenly weighting of the 3 indices, but thats another arguement. Frankly I dont think the DOW is a good indicator, but it is the most well known index and has strong psychological effects. The SPX is the best of the 3 since it represents the top 500 stocks, but surprisingly there are alot of J6P who dont even know what the SPX is. The NAZ is basicly the HiTECH industry and represents the future but the top 10 NAZ stocks represents approximately 50% of the index. So on a subjective viewpoint and my own opinion, I evenly weight the 3.