Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Jibacoa who wrote (10548)	1/19/2002 7:11:58 PM
From: James Strauss	of 13094

JIM: I agree that if the 1800 level doesn't hold it is likely that the 1600 will be tested.And of course I hope that one should HOLD, but I would rather "wait and see".<g> Bernard: The Nasdaq broke below the lower boundaries of an Ascending Triangle pattern on Friday... stockcharts.com[m,a]daclyyay[pb50!b200!f][vc60][iLb14!La12,26,9] The 50 day MA has been violated to the downside... The 200 day MA is being tested... 1900 almost seems like a surety... Note the double top failure... The QQQ's look a little weaker, suggesting that the big caps are taking the hits right now... stockcharts.com[m,a]daclyyay[pb50!b200!f][vc60][iLb14!La12,26,9] There will most likely be a test of the 35.00 to 36.00 area... After that, the 34.00 area is all that stands in the way of a 28.00 re-test... Puts on a break below 38.00 look pretty good right now... Jim

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