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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (19604)	6/2/1998 9:55:00 AM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

To All; HELP ! I think the interest rate jump this mourning if it holds is going to over ride the futures. The drop in interest rates the last several days is all that has supported this market. ------------------------------ THE HELP !!! For a change I saw something on CNBC that made sense, but do not have a way off getting at it on a regular basis. For a long time I've know that A/D count can toss a curve when the thinner traded stocks dominated the trading. This guy had a way of getting the average amount of stocks in the S&P that were above or below their 200 day moving average. Then comparing it with were the S&P was to it's 200 day moving average. ( this would be a very good mid term leading indicator nothing I have seen so far can measure the broad market stretch as good as this. My problem is while it's easy to see were the S&P is to it's 200 day MA, I have no way easy way to get the percentage of S&P stocks trading above or below their 200 day MA. HE did confirm a weak market with something like 60% of the S&P stocks below their 200 MA..and the S&P still well above it, there is downside pressure. AS that leaves only 40% of the stocks in it , now holding it up about 10% above were it would be if things were in balance. I wish I had a way to scan just the S&P stocks as a grope in respect to their MA. Jim what