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 (9618)	9/2/2001 2:21:09 PM
From: Sergio H	Read Replies (1) of 13094

MARKET BOTTOM Problem for me is that I agree with the majority. I think we'll see a bottom on the Naz April gap fill. Even though the Techs are going to need more time the biotechs are poised to take a leadership role. There's still low interest rates and low unemployment and its not too difficult to find an overlooked or under followed fundamentally solid stock. So, I'm fully invested in the market. I would change my mind if the fed bias on interest rates changes and we're still stuck in a declining market. Thanks for the read on UNFI. I've never used OVB or Williams, but I agree that the TA isn't giving off a buy signal. I don't like buying stocks trading below the 50 day MA and above the 200 day MA as the avgs. tend to form a trading channel, keeping the price in between the avgs. I'll give UNFI a try for a few days just on the basis that the food stocks have been strong performers. Sergio

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