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The point is market action during the day when trading occurs.The Dow can be
up 10 points with the S&P down 1 or Dow up 50 and S&P up 3.There used to be
a better trading consistency and ratio.I believe the Dow was down 230 +
points and the S&P down around 16 on Fri.These are recolections but that
would be an abnormal ratio to me.
Sincerely,
John
>From: Jpilleafe@xxxxxxx
>To: jvc689@xxxxxxxxxxx, realtraders@xxxxxxxxxxxxxxx
>Subject: Re: [RT] Out On A Limb
>Date: Sat, 26 Feb 2000 11:29:16 EST
>
>In a message dated 2/26/00 8:22:04 AM Pacific Standard Time,
>jvc689@xxxxxxxxxxx writes:
>
><< There was a time when one S&P point
> equalled 6 to 8 Dow points.That will return and you will know the
>situation
> is normalized. >>
>
>Dr John,..
>
>With the Dow at 9862 and the S&P500 at 1333,..your ratio is at 7.4
>Isn't that within your stated range of 6 to 8? Could you let me know
>what I am missing here,...what's the point?
>
>Regards, JIM Pilliod jpilleafe@xxxxxxx
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