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 (9665)	9/6/2001 11:34:26 AM
From: James Strauss	Read Replies (1) of 13094

New Lows Across The Board... ************************************** New Lows are overpowering New Highs on both the NYSE and Nasdaq by wide margins... finance.yahoo.com Rallies are not built on this type of foundation... But, it suggests that the impetus for moving the minds and hearts of investors and traders towards a bottom is near... When you have good stocks sold along with bad stocks you have the beginnings of a panic build up that ends in blowoff selling... An example of this is the negative reaction of MSFT stock price to a positive Justice Dept. ruling... When good news can't buoy the stock price of one of the market pillars you've got trouble in River City... I'm afraid, not even the Music Man can help the market at this juncture... It needs to remove that last vestige of hope for a big, "I'm going to get my money back" rally... Once the final plunge takes place, and people swear off the market, it will be time to step back in... For now, cash is king... Jim

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