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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 (6013)4/29/2000 12:48:00 PM
From: James Strauss   of 13094
 
The Nasdaq... When Are You Coming Back?
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Note the gap down Island Reversal on April 24th...
bigcharts.com.

Island Reversals usually precede a change in trend... In other words, it looks like the trend is up... We may have to allow for some undecided movement because of the Friday, after the bell, MSFT breakup announcement... Otherwise, the technicals are in place for a move to the upside on the Nasdaq... The Biotechs were up over 9% on Friday... A good sign for the momentum stocks...

Jim
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