1.25.2008

THE STRETCHED NUMBERS


After the big sell off - some key numbers as follows:


SPX - 7.5% or 108 points under the 50 SMA; RSI (2) 35


DJIA 6.3% or 825 points under the 50 SMA; RSI (2) 39


QQQQ 11% and $5.55 under the 50 SMA; RSI (2) 28


VIX- 9% above the 10 SMA;

VXO -11% above the 10 SMA;


NYSE New Highs- 20

NYSE New Lows- 34

NAZ New Highs- 12

NAZ New Lows- 79

New lows peaked on Tuesday with 1,114 on NYSE and 877 on NAZ;

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