Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Clappy who wrote (33853)	12/30/2003 3:30:26 PM
From: lurqer	Read Replies (1) of 89467

A year end rally and then ... Over the last six months, the ten day moving average of daily new lows has averaged 198. Over the life of the chart, the ten day moving average of daily new lows has averaged more than seven times that amount, 1416 to be precise. The sparsest logic tells us that it has been too good and it has been too good for too long. We expect new highs to contract and new lows to expand. If each only reaches the average for the last dozen years, it could be quite a ride down from here. from cross-currents.net OTOH, fighting the Fed and the trend is dangerous. So cautiously, be prepared. JMO lurqer

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