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

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To: Chisy who wrote (5985)4/12/2000 8:59:00 PM
From: James Strauss  Read Replies (1) of 13094
 
The Market...
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Right now, support rests in the 3600/3700 area... the important 89 day Fibonacci ma was broken around 4200... The 200 day MA is in the 3600 area... That's probably where the Nasdaq will make a stand...

From a relative strength perspective the Dow 65 is holding up well: finance.yahoo.com^dja&d=b

If you draw a trendline from the Sept 99 peak to the Jan 00 peak you have downward sloping trendline... We should see a test of that soon...

Jim
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