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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (8202)3/15/2001 2:13:58 PM
From: Jibacoa  Read Replies (3) of 13094
 
JIM:

"The Market" today the DOW is trying to stay above the 10,000 level and the NAZ trying to get over the 2000.

It seems the DOW can not try for a reversal of the present down trend until it can close above the 10,400 and of course that will be still quite some distance from the 11,000.<g>

Tomorrow with the options expirations and Monday will probably give us more guidance on the nearest term direction, and of course the market's reaction next week to the anticipated 1/2 point cut by the FED.

Again, it seems we are still headed for some high volatility. What do you think ?

By the way it was good to see INAP trading above 2 today, will see how it does before the close, since the B/A has deteriorated somewhat in the last 1/2 hr.

Bernard
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