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Strategies & Market Trends : The Player's Club

SPY 683.47

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4:00 PM EST

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To: GROUND ZERO™ who wrote (2795)	12/14/1999 8:27:00 PM
From: John Pitera	Read Replies (1) of 11513

GZ, check out this daily chart of the Arms index for the 1990's with a 21 DMA on it. geocities.com Dick Arms, pointed this out a week or so ago on cnbc here is a link that shows how the arms index is calculated and provides an example of using a 21 dma to detect overbought and oversold situations equis.com notice how the 21 dma on the trin got down to .78 and the example on the equis site never gets below .87 or show. This helps to illustrate just how dramatic an overbought condition we have acheived in stocks. GZ, btw, I suspect you know all this stuff but for the benefit of the odd lurker or two. -g- John

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