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

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To: J D B who wrote (11196)7/3/2002 11:01:11 AM
From: James Strauss  Read Replies (1) of 13094
 
Jim, thanks again - very helpful for those interested in the macro view

JDB:

Just like the old American Express commercial, "Don't Leave Home Without It", I don't invest long or short without looking at the big picture...

Here's a point and figure chart of the Nasdaq... Note the downtrending "RED" trendline...
stockcharts.com

One look at this macro picture should be enough to convince most investors to avoid the long side until the trendline is broken to the upside...

Jim
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