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Old Apr 22nd, 2012, 08:28 PM   #13
jeb9999
 
 
Join Date: Feb 2008
Location: Philly Area
Posts: 1,959
Quote:
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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Old Apr 22nd, 2012, 09:59 PM   #14
clacy
 
 
Join Date: Sep 2006
Posts: 2,626
Quote:
Quote from jeb9999:

DJIA is a price weighted index.
Notice I was talking about DIA
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Old Apr 22nd, 2012, 10:35 PM   #15
jeb9999
 
 
Join Date: Feb 2008
Location: Philly Area
Posts: 1,959
Quote:
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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Old Apr 22nd, 2012, 11:10 PM   #16
clacy
 
 
Join Date: Sep 2006
Posts: 2,626
Quote:
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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Old Apr 22nd, 2012, 11:19 PM   #17
RedTankEra
 
 
Join Date: Feb 2012
Posts: 379
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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Old Apr 26th, 2012, 06:03 PM   #18
murray t turtle
 
 
Join Date: Dec 2001
Location: tn
Posts: 6,718
Quote:
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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