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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (26158)9/2/1998 3:17:00 AM
From: studdog  Read Replies (1) of 94695
 
How big a deal is it that the S&P500 has closed under its 200 dma moving average for the last four days now? see: quote.yahoo.com^SPX&d=3mm

This average has not closed under its 200dma as far as I can see for at least 2 years. quote.yahoo.com^SPX&d=3mm this chart looks pretty ominous to me.

It is interesting that just about all the stocks I have checked (about 40) are under their 200dma, except for csco, dell, and msft. ge is right on it.

Karl
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