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Dow 30 Market Timing
By Kenneth Coleman
There are four new players in the Dow 30. They are Home Depot,
Intel, Microsoft, & SBC Communications. For the first time in the
Dow's history we now have two NASDAQ stocks. The Dow is continuing
its move away from an industrial average toward a high tech & financial
average. When you combine the weighted market cap of Microsoft &
General Electric, the combination equals more than the total of
17 lesser Dow stock market caps. On November 1, Microsoft was up
a bit & GE down over 3 points. The Dow was down 26.30 points (as
this was written). What you saw on October 28-29 were shorts covering
due to the upward bias the Dow would have when the new stocks were
added. The NYSE Money Flow Index is still on a sell signal from
May. The stocks that were removed from the Dow 30 were Chevron (a
2), Goodyear (5), Sears (5), & Union Carbide (5). [Editor's Note:
Ken's comments were made at the beginning of November. His Dow recommendations
were made 10/29/99.]
| Corporation |
Symbol |
Phase |
| AT&T |
T |
2 |
| Alcoa |
AA |
4 |
| Allied Signal |
ALD |
5 |
| American Express |
AXP |
2 |
| Boeing |
BA |
2 |
| Caterpillar |
CAT |
3 |
| Citigroup |
CCI |
2 |
| Coca-Cola |
KO |
2 |
| Disney |
DIS |
2 |
| DuPont |
DD |
2 |
| Eastman Kodak |
EK |
5 |
| Exxon |
XON |
3 |
| General Electric |
GE |
3 |
| General Motors |
GM |
4 |
| Hewlett Packard |
HWP |
5 |
| Home Depot |
HD |
3 |
| IBM |
IBM |
5 |
| Intel Corp. |
INTC |
5 |
| International Paper |
IP |
2 |
| J.P. Morgan |
JPM |
2 |
| Johnson & Johnson |
JNJ |
2 |
| McDonald's |
MCD |
5 |
| Merck & Co., MRK |
|
2 |
| Minnesota Mining |
MMM |
4 |
| Phillip Morris |
MO |
5 |
| Proctor & Gamble |
PG |
2 |
| SBC Communications |
SBC |
5 |
| United Technology |
UTX |
1 |
| WalMart |
WMT |
3 |
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[Editor's note: Ken Coleman is the country's only "Investment
Tracker." He tracks all the money flowing into & out of the total
investment spectrum of G7 nations. Due to his unprecedented timing
predictions using money flow analysis, he, like Larry Oakley, is
in Who's Who in the World in Finance & Industry. He is editor of
Kenneth Coleman's Investment Tracker newsletter. Call him at 760-720-0107
or call the publisher at 800-380-2891.]
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