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 (8961)	6/9/2001 7:12:15 PM
From: James Strauss	Read Replies (1) of 13094

Bernard: The Nasdaq has been above its 13 day MA for 4 straight days... bigcharts.com I'm going against the grain and holding over the weekend... I think we'll see a resumption of the up move to the 2375 area... Supports are 2200, 2175, 2100, and 2057... I'd step aside if 2175 doesn't hold... Since many are expecting a pullback, I'm expecting the unexpected, a sharp upswing that will catch the shorts and cash heavy institutions by surprise... I want to be there for that initial up blast... If I'm wrong, I'll cut my losses... If I'm right $$$$$$$$$ : > The Dow is sitting slightly below the 13 day MA... Contrary to popular belief I don't think it is as strong technically as the Nasdaq at this time... We could see a test of the 10,750 area... bigcharts.com From there we should see a move to the 11350 to 11400 area... If successfully tested we could see the major markets move higher... Nasdaq 2600 to 2900, SPX 1375 and Dow 11500... The Telecom sector looks like it has one of the best risk reward ratios over the next 6 to 9 months... bigcharts.com Jim

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