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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (45098)	3/29/2002 2:22:50 PM
From: DebtBomb	Respond to of 99280

That increases the odds for a massacre IMO.

To: Cactus Jack who wrote (45098)	3/29/2002 8:38:47 PM
From: profit_guy	Respond to of 99280

jpgill, yes that sounds like what pisani said after the close yday, except i think he even mentioned something about the how far above their 50dma's that those 77% of the S&P were ...and i detected a concerned look on his face as well "there was a very interesting stat on CNBC this am(if you can believe it-g- They said a study was done that said 77% of S&P were over its 50DMA and this has only happened 7 times since 1995(I wish they went back a litlle further) in every case the market went down substatially, like 20-30% after this type of occurence."