Re: SP , DJ, ND

[tagteam@xxxxxxxxxxxxx]

>From the NASDAQ web site:
As of December 21, 1998 the Nasdaq-100 Index was re-balanced to a modified
market capitalization weighted index. Such re-balancing is expected to
retain in general the economic attributes of capitalization weighting while
providing enhanced diversification. To accomplish this, Nasdaq will review
the composition of the Nasdaq-100 Index on a quarterly basis and will
adjust the weightings of Index components using a proprietary algorithm if
certain pre-established weight distribution requirements are not met. The
performance of the Index after December 21, 1998 will reflect the
performance of the securities in the Index as calculated in accordance with
the revised Index methodology.

>The SP 500 is a capitaliation weighed index. From the documentation on DJ it 
>seems to be a arithmetic weighed average.
>Does anyone know of the Nasdaq. -cap weighed or arithmetic.
>Mike