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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (25001)	3/12/1999 4:22:00 PM
From: Ilaine	Respond to of 86076

Cool. But I grubbed the big one.<g> I gotta get a life, I am now officially a sick puppy.

To: accountclosed who wrote (25001)	3/12/1999 4:29:00 PM
From: Ilaine	Respond to of 86076

OK, here is a fresh one, and a good one, too: >>>>Nevertheless, it still sounds to us like the big Kahuna is way overdue.<<<< decisionpoint.com "How bad is this "bull market?" More than 50% of all NYSE stocks have traded below their 200-day moving average since all the way back to the July 1998 high. That's right, at last year's record highs, only 50% of all NYSE stocks were at their 200-day moving average. At last year's lows, only 15% of stocks were above this important moving average, as low as we've seen in many years. After a buy signal when the indicator crossed above 30% in early November, positive action quickly petered out and at this juncture, only a week-and-a-half past another record high, only 29% of NYSE issues are above the 200-day moving average. This is a bull market in name only, concentrated in only the visible names that move the major indexes. Nothing else counts. As our front page chart illustrates, the combined cumulative A/D line measuring breadth for both the NYSE and Nasdaq registered a new low, coming only four trading sessiosns past the new all-time print high in the SPX. Has there ever been a greater negative divergence in the history of the stock market?No!" Tip o'the hat to bobby beara: Message 8292913