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: James Strauss who wrote (9203)	7/20/2001 2:02:10 PM
From: Jibacoa	Read Replies (1) of 13094

<<The trading range for the Nasdaq continues to compress... I'm looking for a test of 2000 or 1985 in the next 5 days...>> JIM: It seems to me we should expect a rally on the DOW before the NAZ could go through the resistance at the 2,330 level. (Intra-day of May 22nd) The NAZ is testing again the 2,000 level and if that doesn't hold the next support It seems to me is at the 2,145 level. The DOW is going to test the 10,500 level and if that doesn't hold,I am expecting for it to test the 10,440 It seems to have better support at the 10,330 and I don't want to see it testing the July 11 double-bottom at the 10,225. At any rate, I remain 90% in "cash" waiting for the DOW to close above the June 5 H at 11,200 and the NAZ above the May 22nd H of 2,330. As Jesse used to say: "It is best to wait for the line of least resistance to clearly define itself ".<g> And "It is not good to buy stocks when they remain out of season".<g> Some good movers today: DCCA CLKS DCTM REPT (Not too much volume on that last one )<g> RAGL Bernard

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