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Strategies & Market Trends : InvestRight - Short Term Trading St -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (191)	9/16/1998 11:08:00 PM
From: Les H	Read Replies (1) \| Respond to of 939

Percent of stocks above moving averages 10-day 21-day 50-day 200-day 8/31 low 2.7% 3.7% 3.1% 10.3% 9/16 67.5% 40.6% 15.8% 16.8% There was 6% point jump in stocks crossing the 21-day mov avg today. About 25% of stocks are within 1-5% below the 21-day moving average as of today. An interesting area has been the 20 oil and gas drilling stocks; percent of stocks above moving averages below: 10-day 21-day 50-day 200-day 8/31 low 0% 0% 0% 0% 9/16 100% 100% 35% 0% The scary thing about oil drillers and oilfield services stocks has been that all of the ones I checked this week had earnings revisions down this week. Finally, the advance-decline for the market below: 5-day 21-day 63-day 260-day 8/31 low 3.0% 4.7% 9.2% 28.7% 9/16 61.5% 19.6% 15.7% 30.6%