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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (31368)10/25/2000 9:03:58 PM
From: Thomas M.  Read Replies (4) of 436258
 
You may recall John Roque (a Wall Street TA guy) made the observation back in Feb/Mar that the NASDAQ was 4 standard deviations above its 200 dma. He noted that no market in recorded history had ever done this, and was predicting a correction based on this. Anyway, he was on CNBC today, and mentioned that the NASDAQ could very well have to go 4 std devs below the 200 dma to find a bottom, which he cited as the ~2800 level, roughly.

Tom
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