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: James Strauss who wrote (11402)	8/6/2002 12:42:20 PM
From: Jibacoa	Read Replies (1) of 13094

Jim: The pop-up on the DOW and the NAZ today have the same pattern.<g> Both after 3 consecutive down-days. The question for the NAZ is wether it will be able to close above 1280 in order to test its important resistance at the 1310 level.<g> The DOW needs to close above 8420 in order to test 8610. The volume so far isn't too impressive on either.<g> Japan's stock average were still down, but In Germany and France the stock sessions were on the up-side.<g> Apparently some people are expecting Uncle Al to come out with another rate cut. I think in the mean time he has continued to pump some extra cash into the system.<g> Do you think this is another bear market rally or that we are bouncing from a resilient bottom.<g> I am waiting to cast my vote until I see the DOW closing above 8950 <g> RAGL Bernard BTW I bought some INAP yesterday and so far, it seems it was a good move.<g> Message 17838110

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