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msg #97522
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11/16/2010 9:49:44 PM
http://markminerviniblog.blogspot.com/2010/10/market-commentary-wednesday-october-20.html
On October 13, 2010 the percentage of NYSE stocks trading above their respective 50-day (10-week) moving averages reached a level above 90%. In the past, this has had bullish implications 3, 6, 9 and 12-months forward.
Since September of 1970, every time this 90% milestone has been reached, the market went even higher; the S&P 500 Index posted positive returns 3, 6, 9 and 12-months later. This was the case in the 1970s, 1980s & 1990s and as recent as 2003 and 2009.
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