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: pressboxjr who wrote (8984)	6/12/2001 10:31:16 AM
From: James Strauss	Read Replies (1) of 13094

Jr: The Nasdaq failed to hold at 2175 yesterday... bigcharts.com It now broke below 2125 mini support... The 2100 and 2057 areas are all that stands between a retest of the 1600 area... bigcharts.com For the first time in over a month the New Lows are greater than the New Highs on the Nasdaq... finance.yahoo.com The VIX (Volatiltiy Index) is starting to rise again... This usually means lower prices in the market ahead... bigcharts.com So, the handwriting on the wall is suggesting a break below 2057 and a return to the 1600 area... Perhaps that's where the long awaited capitulation will take place for a successful bottom... Then we should be able to begin a more sustainable move higher... Jim

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