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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 (8054)3/1/2001 2:15:59 PM
From: James Strauss  Read Replies (1) of 13094
 
William:

I was also faked out the other day... But, at least I moved money to cash when I saw which way the Greenspan wind was blowing yesterday... It's going to be a tough climate on the long and short side for a while... We'll see 1800 on both the Nasdaq and NDX... We'll see 9600 on the DOW... With all that the P/E's are still historically high... Every 20 or thirty years one of these Big Bad BEARS comes along to whack off 5 years of growth... This looks like one of those times... The good news is patience and ready money at the right time will be able to snap up once in a generation type long term blue chip bargains...

Jim
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