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To: John Vosilla who wrote (145696)6/15/2007 3:25:39 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
Yes...Interesting to think about, John...

Not long ago, checked through the DOW30 and, as i recall, saw that more than half of them still below ATHs... Adding up points needed to get there, and multiplying by 8, will give you a very high DOW...not including likely rises pending in many of the DOW stocks from their tech patterns...Threw it out...but may try to go through that exercise again soon.....Puts meat on the bones of bare numbers usually talked about...LOL



To: John Vosilla who wrote (145696)6/17/2007 9:43:54 PM
From: Henry J Costanzo  Read Replies (3) | Respond to of 209892
 
John...That DOW30 "exercise" I mentioned...

With the DOW up 1,941.72 points....16.52% above its 2000 all-time high....only 9 component stocks are at ATHs...21 stocks are still trading below their previous highs...

If those latter 21 stocks were to match...not exceed...their previous highs, their advances would aggregate 468 points, which translate into 3,749 points added to the DOW...taking it...all other things being equal**...to 17,388...

OK...knock off half of that, and you get to 15,514..
...knock off 3/4 and that would take you to 14,517..

**assuming that stocks already at new highs would not, in the aggregate, move any higher...or lower..