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: James Strauss who wrote (6799)	10/4/2000 12:37:01 PM
From: James Strauss	Read Replies (2) of 13094

Give Me A Sign??? ******************** The next move by the FED will be a rate cut within the next 6 months... Most of the bad earnings expectations are already factored into the market... Companies like Lucent and Cisco are beginning to find their footing after taking a pounding... This is evidenced by the rising 2 day MA... There is support for the NDX in the 3100/3200 area... So, we are closer to a bottom than a top... The capitulation on some of the blue chip techs is evidence of the throwing in the towel environment we see at bottoms... The October mutual fund tax loss selling is the final part of this correction... We could rally at any time... Jim

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