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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (12009)12/20/1997 11:55:00 PM
From: William H Huebl  Read Replies (3) | Respond to of 94695
 
Jim,

I understand what you are saying... and it is easy enough to make your own index like that.

But I got around the problem this morning by incorporating the DOW, VGY, NAZ, A/D and the % stocks over 40 and 200 day MAs.

And I DO use GE as a surrogate for the markets... in fact, last Feb I emailed a bunch of people some charts showing that from a historical perspective, GE over and over again went back to a base rate... if that were to happen now, I expect the price would be somewhere around 15.

Gulp,

Bill



To: James F. Hopkins who wrote (12009)12/21/1997 4:07:00 PM
From: CatLady  Read Replies (3) | Respond to of 94695
 
Very interesting point about the validity of indexes.

Are any of the commonly available indexes weighted by market cap?

I know I've been paying more attention to the NASDAQ 100 lately, as
that's been more indicative of where my stocks, mostly techs,
are going lately, than the dow has.

Are these recent divergences in direction and magnitude between DJ30,
SPX, OEX, NDX, etc. high or normal by historical standards?