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: James Strauss who wrote (8850)	5/30/2001 12:00:06 PM
From: James Strauss	of 13094

A Retest Of Nasdaq 1600... ************************************ The Nasdaq price has fallen below its Linear Regression Line on the daily chart... siliconinvestor.com The 60 minute chart gives a more dramatic picture of the significance of the support failure... siliconinvestor.com If you go back to the end of March 2000 and connect the price peaks, it takes you to the 2150 area on an intermediate term basis... siliconinvestor.com. That support area failed today as did 2125... Now, 2057 remains as support for the Nasdaq... Below that, 1900 and 1800 offer minimal support before the 1600 area... A return to the 1600 area could set up a climactic double bottom with major capitulation... That's where the new buying will begin... Jim

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