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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 (9122)6/28/2001 12:10:17 PM
From: James Strauss  Read Replies (3) of 13094
 
William:

I weighed in on the long side yesterday afternoon... I think the Naz is good for a test of the 2200 area in a downward sloping channel... If successful, tests of 2250 and 2358 should come... If unsuccessful, there should be a double bottom test in the 2000 area...
stockcharts.com[m,a]daclyymy[pc13!d20,2][vc60][iUa12,26,9!Lc20!Lk14!Lw25!Ll14]

There are a lot of trendlines that converge in the 2000 area... That has proved to be resilient support so far... The reduction in unemployment filings is a positive... The 1/4 point cut suggests that the FED sees better days ahead...

ORCL could test the 21.00 area... A failure there sets up another short or put oppty...
stockcharts.com[m,a]daclyymy[pc13!d20,2][vc60][iUa12,26,9!Lc20!Lk14!Lw25!Ll14]
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