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 (9113)	6/26/2001 11:36:12 AM
From: James Strauss	Read Replies (4) of 13094

William: You're not the only one a bit perplexed about the direction of the indexes... : > The Nasdaq, Dow, and SPX are below the levels when the FED started cutting interest rates in January... bigcharts.com bigcharts.com bigcharts.com This is very unusual... It has been one of the most difficult markets to trade... This suggests that there is more weakness in the economy than being discussed in the media... On the positive side, after the April lows, we seem to have found some support in the 2000 area on the Nasdaq... If this continues to hold, that would be very bullish... If it breaks, we most likely revisit the April lows for a final double bottom, blood in the streets, climax to the BEAR's worst pain giving... After that the 3rd Qtr numbers could reflect improving visibility... History shows that a succession of interest rate cuts does have a positive effect on the economy... Sometimes sooner, sometimes later... But, it does have a great track record... As for the Japan comparisons, it's apples and oranges... We are proactive with fiscal and monetary policy during recessions... Japan is slow to act... Also, our corporate cultures react quickly to get expenses in line during economic downturns... The Japanese corporate culture finds this hard to do... As such, I don't foresee a decade of economic malaise in the U.S. as Japan has experienced, mostly by inattention to their problems... I'm staying neutral until after the FED announcement... The rules have changed in the last 6 months... I don't play if I don't see reliable patterns... As for ORCL... It's beginning to slip below its 8 day Linear Regression Line... There may be hope for your 15.00 puts yet... : > Jim

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