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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 (6724)9/22/2000 1:10:57 PM
From: James Strauss  Read Replies (1) of 13094
 
The Market...
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Unlike the NDX 3490, (bounce off 3505), the SPX did not hold the trendline at 1444...
bigcharts.com

We'll need to see a close above SPX 1444 soon, before it becomes a trendline resistance area...

The NDX appears headed for a double bottom test today or Monday in the 3490 to 3505 area... If successful, it should pull the SPX above 1444 to get in rally mode... If unsuccessful, we could see the SPX test 1370 while the NDX heads for the 3200 area...

Jim
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