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Strategies & Market Trends : Three Amigos Stock Thread
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To: Magnatizer who wrote (20186)6/7/2000 2:16:00 AM
From: Ken W  Read Replies (1) of 29382
 
Dave,

Thanks for the read. It would appear to me that there is going to be a big decision coming on the Nas comp. soon as the 50dMA approachs the 200dMA. IMO if the 50 crosses down under the 200 on heavy volume then your prediction of a bear for a while would come to pass. With the current overbought condition of the short term STOCH's and RSI, I think we could be in for a very bumpy ride. Of course if Sergio is correct and the FED does nothing at the June meeting then there should be a bounce off the 200 by the 50 and all will be intact until the ugly Greenie raises his head again in Aug.

Understand, and I know you do. That all of this is just pure TA with no FA involved. I've just about given up on FA for a while as it seems to make little or no difference in the face of daily news...good or bad.

As to brain fade.......you ain't seen nothing yet. Just wait till I do some of this blathering with about 1 hour of sleep under my belt.

Ken
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