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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 (11376)7/31/2002 12:36:49 PM
From: James Strauss  Read Replies (2) of 13094
 
An Island Reversal In The Making...
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bigcharts.marketwatch.com

Note the gap up on 7/29... The three days prices are sitting up there detached from the price range prior to 7/29... Thus, the name Island... This formation usually leads to a revisiting of the price where the gap occurred...
In this instance 1264 on the Nasdaq will most likely be tested...

Jim
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