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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (20030)	5/28/2000 12:44:00 PM
From: James Strauss	Read Replies (3) of 29382

The Market: Amigos/Amigas: The NDX is showing trendline support in the 2958 area... charts.barchart.com chart.bigcharts.com. Three days ago there was an intraday low at 2897... Nasdaq New Lows still overpowering the New Highs... The current ratio is about 13:1... finance.yahoo.com The 10 day MA is about 3270... An important point for short term traders... For now, I'll be in cash until the NDX crosses 3270 on a closing basis... The more conservative investors should wait until the 10 Day MA crosses above the 20 Day MA... Why focus on the NDX? Because that's where the Nasdaq blue chips are... The market can't move without them... Jim

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