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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (9118)7/3/2001 1:06:15 PM
From: James Strauss  Read Replies (1) of 13094
 
Nasdaq Failure at 2175 Trendline...
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The Nasdaq poked above the 2175 downward sloping trendline twice this week before turning back...
stockcharts.com

If you connect the last two price peaks you can see the downsloping ceiling for prices...

What happens now? We could see a test of the 2000 area, and possibly the 1900 area given the backdrop of all these earnings warnings... On the positive side, the retest of the 1600 area is becoming less likely as we move into the third Qtr...

Jim
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