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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (12261)7/20/2001 5:57:31 PM
From: Lee Lichterman III  Read Replies (1) of 52237
 
>>A quick scan shows that the margin is about 2 to 1 for those above the 200 vs. those below. What that purports to show, I have no idea. Two possibilities<<

I think you have to keep in mind that the majority of stocks actually started dropping in April of 98 so the 200 DMA has already had plenty of time to drop and "catch up" to the prices on these issues.

Don and I were discussing this just the other day and there are tons of stocks out there that are fairly valued or at least less over valued than what we all tend to watch.

The problem is that the NASDAQ, NDX, SPX, OEX etc are made up of the fluff that is left as mutual funds tend to all pile into the "perceived safe" stocks and thus too much money keeps chasing the same stocks keeping them over valued.

Heck the Wilshire could be a good buy for all I know but since I also tend to watch where the most money flows for ease of executions, I mainly watch the fluffed up ones too. Guilty by association I guess. -gggg-

If I wasn't getting used to this stuff, I would have had a hard time believing we didn't crash today. Heck a miss by INTC caused a crash in 87 and now we have most of the NDX missing or warning, earnings declining by double digits and the first decline in PC sales since the mid 80s and we drop one percent and still have an average PE ratio in the hundreds. As I have always said, "NEVER under estimate the stupidity of the American public, especially when in large groups!" -ggggggg-

Good Luck,

Lee
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