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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 (4985)9/8/1999 1:31:00 PM
From: James Strauss   of 13094
 
The Market...
$$$$$$$$$$$$$$$

A look at the S&P 500 30 minute chart shows the 5 day MA dipping below the 20 day MA... This is significant because the 30 minute chart represents about 10 days of market activity...
siliconinvestor.com

On Tuesday only the 5 minute chart showed this 5/20 MA crossing... As this breakdown broadens out to the 60 minute and daily charts it confirms the strength of the breakdown...

This is being precipitated by hawkish comments by one of the FED Governors speaking in Philadelphia today... When he saw the Liberty Bell he felt free to fly on interest hawk's wings... : >

Jim
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