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: Bucky Katt who wrote (11060)	5/29/2002 2:23:10 PM
From: James Strauss	Read Replies (2) of 13094

Jim, my take is the index bleeding will continue for some time, no one wants to face the simple fact that many big cap stocks are overvalued, and that has to be worked off. Earnings have a long way to go to catch up to stock valuations, so what will happen first? Earnings go up or market caps go down? And we are still the laughing stock of the investing world, and that has to be fixed. Soon. William: Here's an analysis I did of the SPX a few weeks ago... Message 17467353 We're in for another test of the 1050 area... A failure sets up a test of the 945 to 960 area... I'd like to see a derivative of the QQQ's on the short side... I'm not talking puts or shorts, just another form of QQQ traded on the major exchanges that shorts the NDX... Jim

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