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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant? -- Ignore unavailable to you. Want to Upgrade?

To: Debt Free who wrote (3473)6/11/1998 9:31:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 4697
 
Doug, each stock gives you the intraday high but the average high of the DOW is the high of that average during any given day. Thus averaging all the highs and comparing to the current value of all the stock will give you a higher high for the Dow. Make a simple exercise, take all the high of all the stock and use the correct divider (you can find it by summing up all the stock and find out what is the divider from today's close). You will see that the sum of all the highs is much higher than the 9250 or so we reached as the high for the Dow.

Zeev



To: Debt Free who wrote (3473)6/11/1998 9:32:00 PM
From: Ian@SI  Respond to of 4697
 
DJIA index is calculated by simply adding up the current price of the 30 stocks and dividing by a constant (currently close to .25) which was used to preserve the integrity of the index with all the splits, mergers, additions, deletions.

It had to be simple. When Charles Dow started it at the beginning of the century(I believe), there were no Pentiums and the print deadline was much earlier than today. :-)


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