Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (12794)	5/4/1999 9:09:00 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 99985

Perhaps Richard Russell is only justifying his position. We are all human after all. <g> The following data makes me think he is right however (Note in particular the highlighted data): Bull Peaks ---------- NYSE Adv/Dec Line: 8848 (04/03/98) 7502 (03/11/97) 6985 (05/22/96) DJIA 50 Day MA: 236 (11/14/96); 369 (06/13/97); highest since 11/82 DJIA 200 Day MA: 165 (06/20/96); highest since 09/87 DJIA at 22% above its 200 DMA (05/03/99); highest since 04/87 DJIA at 19% above its 200 DMA (07/30/97); DJIA P/E ratio: 27.4; earnings $401.73 - dividend yield < 1.5% S&P 500 P/E ratio: 35.9 earnings $37.71 - dividend yield < 1.3% <eom>