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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (71104)	3/3/2001 11:49:52 AM
From: Tunica Albuginea	Respond to of 99985

michael, Re: " GE proxy for Dow ". May not be as good a proxy now as it used to be. That is because the person responsible for ~40% of GE's profits & growth from ~ '89 to '98 was Gary Wendt the finance whizz. GE's highest profits came from GECapital which was the Finance arm of GE which Wendt run. Wendt is now gone and is running Conseco. GE never had thick margin profits on refrigerators, chemicals and durables. It was their financing of these items that made them profitable. And Wendt was behind that. I think GE may be going down because Wendt left and also because current CEO will be leaving. Difficult to trust future management, an unknown, my 2c TA

To: Square_Dealings who wrote (71104)	3/3/2001 4:28:11 PM
From: el paradisio	Respond to of 99985

I agree,but I think, GE will be in a trading range for while and DOW as well.... However, the big picture is clear downtrend... rising wedge...right shoulder. It may still try to recover here...trading range 44-46 askresearch.com Regards, el

To: Square_Dealings who wrote (71104)	3/3/2001 9:24:54 PM
From: UnBelievable	Respond to of 99985

The Dow Is Not A Market Cap. Weighted Index I don't know if you were speaking literally or figuratively but while GE is the largest, based on market cap. stock in the Dow, it is not weighted anywhere near that. After looking at the weightings and other data as best I can tell the stocks with lower dollar weighted trading volume tend to be over weighted (when compared to a market cap weighting) and those that have high daily dollar volume are under weighted. I guess it makes it easier to manipulate. <gg> dowjones.com