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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (85940)	11/27/2000 3:52:51 PM
From: TRINDY	Read Replies (3) of 132070

Mike, I know you are not technically oriented, but I just came upon a statistic that I thought might be of interest to you and your readers. I keep track of daily closing prices on the major averages. I noticed that last Wednesday (Nov. 22) the Nasdaq Composite hit a reading of -23.9 % below what is known as the 200 day exponential moving average (using a .01 coefficient). That is the lowest reading relative to the moving average in all of the history of the Naz. The DOW and S&P 500 had similar negative readings in the heyday of the 1987 crash. Long live nuclear winter!!!!

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