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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (28255)	3/15/2002 6:58:25 PM
From: Ken W	Read Replies (1) of 29382

Sergio CDIC is a trader until the Paulson Trust is out of the way, then I will add it to the folio as a long termer. BTK: 216.129.217.2 The index is at one of those critical spots that either makes it or fails...I'd bet on it failing. The 10dEMA is at a spot where it needs to cross over the 50dMA, but the overbought indicators show that there will be some profit taking within the next 3 trading days, thus dragging the price back down to the lower MA (10dEMA) Potential upside is the 200dMA at 538, but the price cannot be above the slower moving average (50dMA) without riding the faster one over it. Remember the NASD looked just like this at 2100? The result was 1680.......not good IMO. Ken

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