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: Jibacoa who wrote (8269)	3/22/2001 12:44:19 PM
From: Jibacoa	of 13094

The DOW: Has been on a temporary recovery mood since 11.43AM but still showing a 170 point loss for the day.<g> For the "recovery" to have any impact it will have to overcome the "resistance" of the failed earlier attempt to recover at 10.55 at the 9420 level and that is still more than 150 points above present levels.<g> On the other hand it is somewhat worrisome the remarks of Sir Templeton that since bear markets usually last about 1/2 as much as bull markets and he feels the last bull started in 1982 and lasted for 18 years, we are headed for 9 years of "stagnation". I guess uncle Al better turns the spigot of the monetary base wide open.<g> At any rate, I am sure we will still see some high volatility days ahead. Good luck to all, we are still going to need it. Bernard

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