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Friday, January 14, 2005 10:46:14 PM
NYSE and NASDAQ Percent of Stocks above the 50 and 200 Day SMA's:
When only 10% of stocks are above the 50 day and 200 day sma as measured by the record percentage then we can be reasonably assured of a long term bottom. Using the 10 day sma alone would probably work well for a short term bottom but in my humble opinion nothing more.
When only 10% of stocks are above the 50 day and 200 day sma as measured by the record percentage then we can be reasonably assured of a long term bottom. Using the 10 day sma alone would probably work well for a short term bottom but in my humble opinion nothing more.
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