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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (36440)4/27/1999 8:36:00 AM
From: John Pitera  Read Replies (4) of 86076
 
Nazcrap is 30% over its 200 day ma,
and DJI is 19% over. These are both stretched to their limits.

another case of the rigorous analysis that occurs in Mythland

the DJIA is 15.82% over it's 200 day MA.

Nasd is 22.5%

10718 - 9022 (200DMA) is 1696 . 1696/10718 is 15.82%

Nasd

2652 - 2054 (200 DMA) is 598. 598/2652 is 22.55%

there was a guy on cnbc yesterday saying that the djia can usually get
to be 18-19% over it's 200 DMA before it has a major correction.

the mkt may be extended, but this is not a slick willie class -g-

it depends on what the definition of is, is
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