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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 (9170)7/23/2001 11:30:56 AM
From: James Strauss  Read Replies (2) of 13094
 
Nasdaq... Where Art Though?
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There are two downsloping trendlines below the 2000 area...

1. 1985
2. 1940
bigcharts.com

A look at the monthly chart shows an Island Reversal...
bigcharts.com

Note how the 12th, 13th, 16th, 17th, and 18th are disconnected from the other parts of the chart...

As I type, we are now below the 2000 magnet that has pulled the prices back up so many times... This time, though, we will most likely fill the gap in the 1975 area before any attempt to turn around...

Jim
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