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

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To: James Strauss who wrote (313)4/6/1998 12:20:00 PM
From: James Strauss   of 13094
 
Long Term Vs Short Term...

David has brought up a very good point regarding long term vs short term...

Many 13's will come and go from the weekly list based on current momentum... Some of them present good intermediate to long term investing oppty's... A good rule of thumb is to hold on to stocks that are above their 13 week Moving Averages... There is no need to hop from stock to stock as long as you find companies that meet your investing criteria and also meet the criteria described in this post...

A variation to the above is to hold on to stocks that are above their 55 day Moving Averages... This is a natural Fibonacci sequence number...

A more conservative variation is to hold on to stocks above their 89 day Moving Averages... This is also a natural Fibonacci sequence...

Fibonacci sequence numbers have a tendency to act as natural support and or resistance points... The reason for this probably lies in the Stars... : >

Jim
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