Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (19672)	6/3/1998 5:27:00 AM
From: Vitas	Read Replies (1) of 94695

Jim, the percentage of stocks on the New York Stock Exchange that are above their 200 day moving averages. during the correction in April 1997 you can see that this percentage held the 50% level before launching a Nuclear rally. We are at the fifty percent level today the last column is oex divided by spx, which shows when one average is stronger than the other it used to be fun following this ratio intraday on CNBC before they split the OEX now you have to multiply the OEX net change by two and then compare it to the SPX net change to see which one is stronger that day Vitas

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