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Pastimes : Ask Mohan about the Market

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To: Crimson Ghost who wrote (17096)	11/16/1998 10:50:00 PM
From: Monty Lenard	Read Replies (1) of 18056

George, we have some divergences that smell very much like they did just prior to the big sell off in July. I scan about 10000 securities nitely and see the number of issues over their 10 & 20 day simple ma's starting to decline again while the indices move up! Since these are short ma's they can change pretty quick but on 10/28/98 the % over their 20 dSMA was 58.6% with the S&P at 1068 vs 52.7% today with the S&P at 1136. The 10 dSMA is worse ...10/28/98 52.7% vs today 38.2%. Very Interesting!!!! This same divergence occurred on the run up from mid June to July 17th. FWIW Monty

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