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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (50608)	8/19/2002 10:11:51 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

I have been thinking quite a bit about the changing composition, weighting-wise, of the NDX and COMPX. It has always been the safer bet to look for COMPX to follow NDX. It has not done so at the recent lows and it gives me pause. One of the reasons I presume is the rise in weighting of the financials. They are everything for SPX now (20%) and I presume an increasing slice of the NASDAQ pie. One could also make the argument that the trash is already beaten to a pulp in COMPX, so it might not follow the more overvalued leaders in NDX. That's an argument I never liked, but price action is making me re-think this. ---------- Dow is trying the breakout now from the couple of days of consolidation.