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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Mao II who wrote (6090)5/9/2000 1:38:00 PM
From: James Strauss  Read Replies (1) of 13094
 
Many many individual stocks I track -- particularly second and third tier companies -- are approaching their lows from previous downdraft. Those that have suffered even the slightest whiff of exceptional news have been summarily slammed and have broken to new lowz. In past bearish cycles, new lows begat newer lows. So it is now shaping up. SOXX weakness is becoming critical here, it seems to me. M2

Chairman:

I like that biblical metaphor... : >

So, what you're saying is there are bullish and bearish begat cycles... : > And, right now we appear to be in a bearish cycle... A great example... : >

Jim
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