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


To: MulhollandDrive who wrote (15157)5/27/1999 5:19:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
bp, i wouldn't necessarily look at it that way, although it is true that IBM's influence on the Dow has now decreased, ergo the same percentage fall or rise in IBM doesn't move the Dow as much as before. imo this has merely reestablished IBM's 'normal' relationship with the Dow, as many of the formerly high-priced stocks(e.g.DIS,MRK,MO) have had splits, whereas IBM hasn't split for quite a while. IBM is still the second-highest priced stock in the Dow(after JPM), so it's influence remains big. for a list of the Dow components and their current prices go to quote.yahoo.com@^dji

regards,

hb