Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Herc who wrote (7956)	4/23/2000 1:07:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 18137

As a point of interest, I track the number of NYSE stocks that are above their 200 day MA. I have this daily data back to the early spring of 1996. On February 25, 2000 this number dropped to 21%. That's the lowest number since late August and early September 1998 when the number hit 14% on two separate days. From the February low it quickly rose to 40% on April 12. The big selloff only dropped this indicator to 31% on April 14th and 17th. It closed this past week at 35% and is now above a 50 day and 200 day SMA. I note that the April 12 high of 40% was very close to a 50% retrace of a recent range. Ken