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To: pater tenebrarum who wrote (11154)2/18/2000 9:06:00 PM
From: fut_trade  Read Replies (1) | Respond to of 42523
 
S&P 500 Daily Statistics - 02/18/00

Total stock volume: 1230101400
Stocks above 200-DMA: 115
Advances/Declines: 55/434
2-week new highs/lows: 28/214
10-week new highs/lows: 16/154
52-week new highs/lows: 11/108
Average volatility: 4.74

Heinz, only 115 SPX stocks above the 200 DMA. As of today,
the breadth of the SPX is comparable to it's worst point
during the '98 bear market. The only thing holding the SPX
up is technology. Basically, 80% of the SPX has the shakes.



To: pater tenebrarum who wrote (11154)2/19/2000 3:29:00 PM
From: BGR  Read Replies (1) | Respond to of 42523
 
Precisely why TA in general has little predictive ability, Heinz. You have explained it well.