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 (8366)	4/5/2001 12:54:49 PM
From: James Strauss	Read Replies (1) of 13094

William: The Dow is above 9600 support again... Nasdaq needs to move above 1800, and SPX needs to move above 1150... If that happens we will be asking the question again if we have bottomed... If that doesn't happen, we continue lower to Dow 9000, Nasdaq 1500, and SPX 1100 to 1080, and maybe 923... The Lucent scare yesterday may have actually helped the market... The poster boy/girl for the telecommunications equipment industry meltdown reversed when the bankruptcy rumors were denied... That bottom made may signal that all the bad news is priced into the beaten down techs... Even DELL is beating revised earnings estimates... Perhaps we will begin to see other companies beating revised estimates... If so, we will have bottomed... If not, look out below... Jim Jim

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