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

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To: James Strauss who wrote (10545)6/6/2002 10:20:06 PM
From: Jibacoa  Read Replies (1) of 13094
 
The NAZ:

What difference in perspective a few months make!!.<g>

<<If the 1600 scenario should occur, it would set up a very bullish double bottom...>>

Now the question seems to be wether it will hold around the September Ls (1387) or wether it will go to test the October 98 L at 1357.<g>

I am taking a sabbatical until it can close above the 2100 and maybe until it can close above 2330.<g>

After all, according with the data from Invstors Intelligency this is not the right time of the year to be buying stocks, it is better to wait until November.<g>

Schaeffer's Investment Research as quoted on page 32 of Barron's [The data is actually based on research from Investors Intelligence]According to the data a six months investment of $10,000 from May 1st through October 31 would have returned only $11,743 over the past 51 years, but the same $10,000 invested for six months from November 1st to April 30 would have yielded $425,890

So I guess is better to wait until November to buy the SPY, DIA & the QQQ <g>

RAGL

Bernard
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