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 (9480)	8/22/2001 8:53:05 PM
From: Sergio H	Read Replies (1) of 13094

Jim, Barron's market watch featured McClellan's market report. I know that you follow the oscillator. It's not at all bullish for US stocks or US dollar: <AUGUST 10 ~ We see numerous signs pointing to an important stock market top due August 27. For one thing, that is when stocks typically top out in the first year of a presidential term. Stocks also tend to make mid-October bottoms in first years, and we see plenty of vulnerability for a meaningful decline between that August 27 top and around October 12. Bonds should lead the way lower, making as severe a decline as we've seen in a while during August and September. This is not the time to be a brave bond bull when Uncle Sam is selling his biggest quarterly net issuance in five years. Gold has bottomed and is poised to challenge its five-year downtrend line. Gold should get an even bigger kick in September as the dollar slides.> A good explanation, for anyone interested, on the McClellan oscillator, at the McClellan website: mcoscillator.com A few words on some stocks I own....HAS and FDP new highs again today. Both stocks are moving on good business plans. QADI reports tomorrow. Buying kicked in late in today's session, reflecting a nice bounce on support at the 200 day MA. QADI has potential on the earnings to either dissapoint or to please. Looking at RAD for possible gap fill play, but the chart has some weakness that I don't like. Maybe the weakness in the retail sector is what's not to like? Sergio

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