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Since the Dow is up 2% this month and the SPX is down 2% this month,
I suggest you use a conversion factor of negative nine. In other
words, if the Dow goes up 9 pts, that translates to the SPX going
DOWN 1 pt.
--- In realtraders@xxxx, "Lee Morris" <LMorris@xxxx> wrote:
>
> does anyone have an idea of how to get a rough feel for
converting 100 Dow
> pts into X S&P points and 100 naz points into Y S&P points. I know
this is
> not an exact science as both the Dow and naz impact the S&P. At one
time I
> have used 6 Dow points = 1 S&P point but that was several years ago
and I'm
> not sure if that was even accurate at that time or is any number I
use
> baseless.
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