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jeb9999
 

Registered: Feb 2008
Posts: 1864

 

04-23-12 01:28 AM


Quote from clacy:

Buying DIA is like buy all 30 stocks at the same time (market cap weighted). Do you think buying all 30 stocks is going to match the DJIA?

Why don't you just look at the DJIA charts, and trade DIA or YM? They will move nearly identical to one another.

The fact is you cannot actually trade the DJIA except through another vehihcle, such as DIA or YM. It is what it is...



DJIA is a price weighted index.

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clacy
 

Registered: Sep 2006
Posts: 2385

 

04-23-12 02:59 AM


Quote from jeb9999:

DJIA is a price weighted index.



Notice I was talking about DIA

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jeb9999
 

Registered: Feb 2008
Posts: 1864

 

04-23-12 03:35 AM


Quote from clacy:

Notice I was talking about DIA



Of course I noticed that you were talking about DIA.

I politely pointed out that you provided incorrect information and yet you insist on being ignorant.

In order to match the DJIA the DIA is also price weighted.

Just look at the "Fund Top Holdings":

https://www.spdrs.com/product/fund.seam?ticker=dia

6,667,290 shares of each component stock.

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clacy
 

Registered: Sep 2006
Posts: 2385

 

04-23-12 04:10 AM


Quote from jeb9999:

Of course I noticed that you were talking about DIA.

I politely pointed out that you provided incorrect information and yet you insist on being ignorant.

In order to match the DJIA the DIA is also price weighted.

Just look at the "Fund Top Holdings":

https://www.spdrs.com/product/fund.seam?ticker=dia

6,667,290 shares of each component stock.



You are correct. I guess the point I wast trying to make is that DIA is not an equal weight ETF.

I'm not aware of an equal weight etf for the DJIA

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RedTankEra
 

Registered: Feb 2012
Posts: 252

 

04-23-12 04:19 AM

A comment on RSP, yes is equal weighted vs SPY but check the management fee of RSP (.40%) vs SPY (.09%, the lowest in the business).

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murray t turtle
 

Registered: Dec 2001
Posts: 6272

 

04-26-12 11:03 PM


Quote from NoEmotions:

I have been watching DJIA index for quiet a long time. I think I understand this chart well.

My issue is I understand DJIA cannot be traded.
The problem is DIA daily candle chart is very different then DJIA daily candle chart.
Even futures chart is different.

Is there anyway I can trade DJIA indirectly like one thought comes to my mind is buying/selling all 30 stocks of DJIA, but then DIA is doing the same and its chart is different ?

I am looking for any alternative ways even if it involves programming.

Thanks,


================
No Emotions;
You may not believe this but DIA is much more accurate,
it includes '' Emotions''. DJIA includes ''No emotions''/no comissions'/no slippage.................................' As if anyone can trade with no emotions/no slippage/no comissions

Paul Tudor Jones did something like that;
but not really applicable to your question/volume/situation.

Many of the DOW S&P indexes ;
dont even have volume, that maybe a clue alsoAnd as a helpful hint technical analysis is defined as study of price AND volume.................................................................................

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