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: Bucky Katt who wrote (6111)	5/12/2000 12:05:00 PM
From: James Strauss	Read Replies (1) of 13094

How did we both anticipate this bounce? Great minds must think alike....Good calls like that are more art than science... William: We saw a good battle in the 3400 area of Nasdaq... We saw a potential close above 3400... There was slightly higher volume during this winning battle... We knew that a 1/2 point rate hike was the worst case scenario and was already priced into the market... The prior week investor sentiment was 58% bearish... lowrisk.com You mix all these together with the aid of a slightly rising bottom off a chart: bigcharts.com and you come to a conclusion based on Art and Science and a little gut... : > We're not out of the woods yet, but have a few free days prior to Tuesday for the bounce thing... : > Jim

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