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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: IQBAL LATIF who wrote (29058)9/29/1999 9:07:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 50167
 
Ike,

The S&P500 low of the 28th is sitting about 25 points away from the 300 simple moving average. You have mentioned that 50 100 and 200 ma's are watched closely buy the pit traders. Do you know if the 300 ma holds the same significance?

I've back tested it a few years and Yes, on occasion it seems to be honored, but it's also broken on many deep runs.

Chip