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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (9865)9/18/2001 3:29:39 PM
From: Jibacoa  Read Replies (1) of 13094
 
<<Not sure how long it will last..>>

William it seems not for long today. Some one at CNBC is calling it "renewed short selling" by people who have a good profit on it from yesterday.

Whatever it is the DOW and the NAZ are both back on negative territory.

On the DOW we can't talk about "recovery" until it can close above 9,600 and on the NAZ above 2,105. Those levels seem still somewhat far away at this point.

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The airlines claim they are going to need about 24 billion dollars to keep them out of chapter 11. They claim they are loosing close to $300M per day. It seems Congress is going to give them some help.

I took some profits on INAP a while ago at $1.50 It seems it is trying to come back again from the $1.31 level as I am typing this.

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RAGL

Bernard
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