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: Chisy who wrote (7088)	12/1/2000 10:23:52 AM
From: James Strauss	Read Replies (1) of 13094

Thanks for the Wolanchuk market overview... Looks like he's been following the 13's thread commentary... : > Yesterday was the second highest volume day for the Nasdaq... That implies climax selling... The NDX came within 126 points of the 2300 support area(2426)... We still have pre-announcements coming in the next two weeks... So, most of the pain is over... A contra argument to the climax selling on huge volume was the late day buying also on huge volume... So, Today may just be a bounce... I'm now looking for a cross over 2800 to signal a bottom in place... That also would put the NDX above its 13 day MA... Until then, we are in limbo... Jim

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