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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 (4795)7/31/1999 8:12:00 PM
From: Sergio H  Read Replies (1) of 13094
 
<If we see a proliferation of articles like this we'll be near a bottom.>

Ah.....similar strategy to playing the markets by looking at option interest. Take the opposite position to the majority to increase your odds of success.

<It looks like Greenspan & Co. are ready to take back the last two 1/4 points they gave the market last fall... If so, we should test the Dow 10,000 area.>

Jim, Greenspan & Co. are likely to change the Fed bias from the recently established neutral before raising interest rates. As long as the stock market continues to rise, the pressure for the FED to raise interest rates will build, because the market's rise has fueled our economic rise. Slow the economy by raising interest rates = slowing down the market. Slowing the stock market = Slowing the economy. If the stock market continues to rise, an interest raise in October is sure to occur.

Two reports of interest next week. Leading indicators on Tues. and employment numbers on Fri.

Sergio
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