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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 (9663)9/6/2001 11:17:08 AM
From: James Strauss  Read Replies (2) of 13094
 
Sergio:

The Nasdaq has fallen through that important 1750 area again...
stockcharts.com

The three time periods represented show a battle to hold between 1700 and 1800 on the Nasdaq... That would represent a bullish higher low off the April bottom... The break below 1750 again today suggests that we may be seeing a setup for a double bottom test of the 1600 area... The question is, do we get a bullish double bottom bounce, or a break of the 1600 area for a final panic selloff marking the end of the Bear... We'll know soon...

Jim
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