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

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To: Jibacoa who wrote (10161)10/19/2001 1:55:02 PM
From: James Strauss  Read Replies (2) of 13094
 
ICCC...

Bernard:

The move up is too vertical... At any time people will be taking money off the table... If the correction is really steep, they may have to sell the table... : >
stockcharts.com

The monthly chart shows that the closing highs of 2000 have been met... Only the intraday highs are left to test... Those intraday highs could be made and reversed in less than a minute... Do you feel lucky? : >

Longer term there is a nice pattern of rising bottoms... But, nothing goes straight up... So, a retrace can be expected at any time...

Jim
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