Seious weakness in SP-500

Discussion in 'Technical Analysis' started by jrs3, May 8, 2004.

  1. jrs3

    jrs3

    90% of the stocks in this index are under their 20 day weighted moving average.

    80% are under their 50 day average

    60% under 200 day average


    Where are the instutions?
     
  2. Well, it can be the bottom.
     
  3. agrau

    agrau

    No, it can't. I am still long puts :p
     

  4. Can I ask where you get that info? I don't look at that much , what are the percentages to look for again?
     
  5. jrs3

    jrs3

    I run a exploration using MetaStock.
     
  6. swimmus

    swimmus

    That is a really interesting way to view it. Thanks for the planting the seed in my brain, I am planning on viewing every chart in the Sp500 today to see how each looks individually.

    Thanks
     
  7. %%%%%%%%%%%%%%%%%%%%%%%%%%%

    Jrs-3;

    I would rather overanalyze than overtrade;
    the former may be more profitable than the latter
    in this bull market.:cool:

    DIA, SPY, QQQ are under thier 50 DMA most of the week;
    pretty much above average sell volume also.

    :)
     
  8. I know. I sold you the puts.