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 (8110)	3/8/2001 11:21:57 AM
From: James Strauss	Read Replies (1) of 13094

Don't get me wrong, I like these rallies, but I think people are getting a little stupid again, so I take profits when I find them...except for a few things that I have lt positions in. William: You have to do what works... Right now, short term works... I agree that there is still too much bullishness to make a solid bottom... The Nasdaq is just 25 points away from filling that gap a few days back in the 2160 area... bigcharts.com With all the warnings coming out and the P/E's coming back down to earth, the pressure on stock prices will most likely be to the downside... Nasdaq 1800 is going to be the next battleground if the 2150 area breaks... If it holds, we have the possibility of an L______ bottom where a lateral base is built over time... We'll know in the next two weeks after the market reacts to another ho hum rate cut by the FED... Unless, they surprise with a 3/4 point rate cut... Jim

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