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


To: Jerry Olson who wrote (38028)3/7/1999 2:05:00 PM
From: j g cordes  Respond to of 94695
 
Jerry, only 30% of the stocks in the NYSE are above their 200 day moa.
This says a number of things when we're at new highs.

*The current level is sitting on a narrow group of stocks.
*There could be much higher levels if participation broadens.
*We could be at a temporary peak if the narrow group fails... you'd know that by adv/decl volume drying up, which is what I'm watching.

Jim