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

To: John Pitera who wrote (4709)	1/26/1999 4:35:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 99985

Joe Kernan and Ron Insana have talked at times in the past of how when you look at the Nasd price move for the day you multiple it by 5 to get the equivalent move in DJIA points. Well I notice now that the new number should be 4 times the nasd move to get the DJIA, due to the fact that the nasd had moved so much more since Oct 1998 that it only takes 4*2433 (today's nasd close) to equal 9732.... djia 9324 closing djia level Technically, the multiplier on the nasd should be 3.83 TImes the nasd to give you same % move as the djia. 4 ought to be close enough for the time being. I know these big moves in the Nasdaq have really seemed large if you look at todays 64.11 move and say "wow the nasd move 320 djia points today". <<<G>>> John