Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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

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To: NewKit who wrote (11016)	5/14/2002 3:00:23 PM
From: James Strauss	Read Replies (2) of 13094

James, in 60 mins chart, do you think NAS, NDX, SOX, NWX are trying to form a RHS with breakout target of NAS 1850? That would bring QQQ to 35 and kill majority of JUN 02 puts and allow them to sell more calls. DOW is challenging 10150 with breakout target 10500? But then the chart can change real fast NK: Nice 2 day rally... Two up gaps in the past week is a bullish sign... bigcharts.marketwatch.com Two overhead resistance areas of 1750 and 1800 become the next test or roadblock... A break above those areas sets up a move to the 2000 area... A failure sets up a retrace to the 1600 area... Also, after 2 days of positive movement we could see a closing of the gap to the 1650 area... The SPX needs to close above 1165 to reverse the downtrend... bigcharts.marketwatch.com Jim

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