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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 (10590)2/18/2002 1:46:12 PM
From: James Strauss  Read Replies (1) of 13094
 
Jim, looking at GE as a market barometer. The gaps in the GE chart in Sept. look like an island reversal pointing to a rise above its 200 day MA and signaling a healthy market. Right now, looking to challenge short term congestion, a rise above 38, takes it to 42. How do you see it?

Sergio:

GE looks like it will test the 34.00 area soon...
stockcharts.com[m,a]daclyyay[pb50!a34!f][vc60][iUb14!Ll14]&pref=G

The SPX should test the 1075 and 1050 areas soon...
stockcharts.com[m,a]daclyyay[pb50!a34!f][vc60][iUb14!Ll14]&pref=G

GE and the SPX are in sync to the downside during this crisis of confidence period in corporate numbers...

Jim
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