wascilly wednesday, page-59

Jaolsa - Another chart for you to have a look at - The percentage of stocks above their 200 day MA - New York of course.

http://stockcharts.com/charts/gallery.html?$NYA200R

What is interesting is that the last two lows didn't exceed the January low.

I have a very scruffy copy of a really long term chart of this and the low in January looks to be roughly the same as the 1998 low and the 2002/2003 low.

Short term I really would like to see the S&P do a bit of work around the 13 day moving average which it closed above last night for the first time in a while. Mind you if it decides to zoom straight up to the top of the BB's I won't complain. Was happy to see it take out the lows the night before last - just wish the Dow had done the same to clear out all the bears.

At this stage my three peaks and a domed house is still developing nicely.