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: NewKit who wrote (5141)	9/21/1999 1:02:00 PM
From: James Strauss	of 13094

What is the chance that 10400 - 10500 will hold? The weekly chart of Dow and S&P500 don't look good. NK: Given the fact that New Lows outnumber New Highs by a 6:1 margin today, we might see an intraday breach of Dow 10,400 in the coming week as the FED meeting approaches... Alan Greenspan is on automatic pilot to take back that last rate cut... So, until we see a definitive action on Oct 5th, it's best to hunker down and keep your powder and money dry... : > Jim

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