Here is a look at some major tops over the past 30 years and their relationship to the 200 month sma (based on rally high and position of 200 sma that month).
1980 was 35.79% above the 200 month sma
1987 was a monster 60.27% above
2000 was 47.56% above
2007 was 24.29% above
Current situation. Closing price this week is 33.94% above and recall 1980 was 35.79%. Last weeks rally high was 34.94% above. Past experience 1987 and 2000 say this can keep going for a while yet based on just these stats.
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- big daddy always out of control....friday
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