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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (445)	4/20/1999 10:29:00 AM
From: Les H	Read Replies (1) \| Respond to of 2103

Because the last week's rally brought stocks moving up off of their backs, I don't have a large number of indicator reversals (14RSI < 70 or Stoch21 < 80) in the broad market as of yet. There's also a split between the S&P 100 and the Nasdaq 100. Breadth: percent of stocks over moving averages 10-day MA 21-day MA 50-day MA 200-day MA OEX 63% 71% 73% 79% NDX 30% 36% 42% 66% The OEX percentages are toppy. Breadth of the broader market has been improving, but since the broad market lagged the indexes up, this could lag in the opposite direction also: 10-day MA 21-day MA 50-day MA 200-day MA 04/12 58% 50% 44% 40% 04/16 64% 63% 56% 48% 04/19 67% 67% 59% 50% The advance-decline of the broad market showed only improvement short term: Percent of stocks up over the period 1-week 1-month 3-months 12-months 04/19 64% 59% 45% 30%