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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 (5800)1/28/2000 11:54:00 AM
From: Jibacoa  Read Replies (1) of 13094
 
Jim:

As I said before earlier this week (#5790), I was expecting "the market" to recover somewhat from Monday's drop during Tuesday & Wednesday, but for it to start coming down again on Thursday & Friday and I though that if it closes below the 10850 on the DOW today, we could see another good drop on Monday.

I also have raised cash position above 75%, to have some cash handy just in case. Over the years, I have found out ( by paying the price before) that is not a good thing to try to swim against the current.

Regards and good luck.

Bernard
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