SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Berney who wrote (37096)12/3/2000 2:21:01 PM
From: Trading Machine  Read Replies (1) | Respond to of 42787
 
<<The OEX & NDX are connected at the hip.>>

Bernie, Dan, couldn't help but see the comments on synergy between OEX and NDX. Don't know why
(I am just an observer in the overall) but on the following dates BOTH OEX and NDX reached a local or
midterm top/bottom:
1/31, 2/22, 3/24, 4/14, 5/16, 5/24, 6/20, 7/17, 9/1, 10/13, 10/23, 11/13, 11/30.

On the following dates the local top/bottom was shifted
by as much as four days:
5/1, 7/28, 11/6.
OEX top/bottom - NDX top/bottom
4/26 5/1
7/28 8/3
11/8 11/6

So out of 17 peaks and valleys on OEX and NDX
only 3 times did they disagree and those four times
were only separated by a maximum of four days.

For all practical purposes these indexes move lock
step insofar as a local top or bottom is concerned.
As Berney pointed out the magnitudes or percentages
of change of each of the indexes is different.

CU

Paul Kellam