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: Bucky Katt who wrote (7270)	12/29/2000 4:42:26 PM
From: James Strauss	Read Replies (1) of 13094

William: I think we'll have a seesaw month... Positive reaction to rate cuts with quick profit taking... Even with rate cuts the market is still overvalued on a forward looking growth/earnings basis... We haven't seen that heavy volume capitulation yet... I would expect to see a real bottom if market bellweather CSCO dips to the 24.00 to 30.00 area on a climax selling day... Add to that a dip by GE to the 35.00 to 40.00 area and we have our bottom... For now, I'm sitting in cash until I see next weeks's employment numbers... Some of the hardest hit internet stocks like YHOO, AMZN, CMGI, and ICGE could see some early positive movement next week... Jim

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