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: Sergio H who wrote (9619)	9/2/2001 3:18:49 PM
From: James Strauss	Read Replies (2) of 13094

Sergio: A good deal of the power behind the market in the mid to late 90's was investor confidence in the Clinton, Rubin, and Greenspan management of the economy... I'm not getting that same sense of investor confidence with the Bush, O'neill, and Greenspan combination... The missing ingredient for me is Robert Rubin... On more than one occasion he engineered market reversals... As such, we will probably see a retest of the April lows in the next two months... Be careful... I know it's very tempting to want to catch that bottom... But the BEAR is happy to fool the most amount of people the most amount of time... We could see a break of the April lows causing a quick washout as people sell in a panic to escape the end of the world... Then we get the bottom... There's still too much complacency about the expected April bottom, Consumer Confidence, and the effects of the Interest Rate cuts... We usually don't put in a bottom in this kind of an atmosphere... We could possibly see a panic bottom in the 1200 to 1300 area... stockcharts.com[m,a]maclyymy[pc13!c50!d20,2!a1250][vc60][iLd20!La12,26,9!Lc20!Lk14!Lg!Lp14,3,3!Lw25!Ll14] Jim

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