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Hard to argue with your objections to the DJIA - I have to wonder what a lot
of the stocks in the Dow Industrials have to do with "industrial"... Still,
there's a pretty high correlation between the S&P and the Dow. I only look
at the cash Dow to help with analyzing the mini-Dow futures.
I don't know if it's the case anymore, but years ago the Dow was what the
average Joe thought about when the subject of "the market" was mentioned. At
least that's why Prechter preferred it to the S&P for his EW analysis; he
claimed it better represented the mass psychology (not that I'm a big fan of
EW or Prechter). In the late 90s, I would think he'd have switched to the
NASDAQ, eh?
DC
----- Original Message -----
From: "Mr. Kevin B. Bantz" <kevinbantz@xxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, August 09, 2009 4:32 PM
Subject: Re: [RT] Puetz Crash Window
>
> http://stockcharts.com/def/servlet/SC.pnf?chart=$WLSH,PLPLWANCBR[PA][D]
> [F1!3!1.0!!4!20]&pref=G
>
>
> Is it just me but, EVERYONE uses the DJ Industrials as a gauge of
> historic stock prices.
>
> within the last two years, xx% of the index has been removed, flushed,
> recycled.
>
> BAC was added in Feb 2008 for Jiminy Cricket sakes...
>
> DJIN is an apples to cumquats Index when looking longer than the last
> recalculation/reweighing/molestation/etc..
>
> The only folks that should be using the Dow 30 are those that are
> elastic and long the Index.
>
> What I would find humorous, would be the names of hubris tossed out of
> the Index, like,
>
> Polaroid and International Harvester. Didn't IH go bust and become
> Navistar (NAV)
>
> oh too funny, a bankrupt company's stock symbol is NAV.
>
>
> KBANTZ
>
>
> ------------------------------------
>
> Yahoo! Groups Links
>
>
>
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