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: Jibacoa who wrote (7974)	2/22/2001 11:34:08 AM
From: James Strauss	Read Replies (2) of 13094

Bernard: The Nasdaq is looking for some traction... In the past 10 years there has been a 5:1 ratio between the Dow-30 and the Nasdaq prices... Last year it dropped below 3.00... Now it's back to 5:1... If the Dow doesn't fall apart we could be very close to the bottom... In 1991 there was a 5.8:1 relationship... At current Dow prices that would put the Nasdaq at 1800... Jim

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