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Strategies & Market Trends : Classic TA Workplace
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To: Challo Jeregy who wrote (35400)3/28/2002 12:53:42 PM
From: marginmike  Read Replies (1) of 209892
 
there was a very interesting stat on CNBC this am(if you can believe it-g- They said a study was done that said 77% of S&P were over its 50DMA and this has only happened 7 times since 1995(I wish they went back a litlle further) in every case the market went down substatially, like 20-30% after this type of occurence.
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