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

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To: Knight who wrote (11532)8/26/2002 6:51:32 PM
From: James Strauss   of 13094
 
This has been something I personally don't believe was the predictable norm for the market. Especially, when you take into consideration that companies such as World-Com and long standing companies committed out and out fraud and other illegal practices as a standard way of doing business. They played the odds with your money not theirs and that to me makes a hell of a difference.

Vickie:

Good point about the fraud in one company after another... This is where Fundamental Analysis fails and Technical Analysis begins to pick up the divergence between actual stock price action and financial information... There were points where the stock price of Enron and Worldcom were heading south while the financials painted a rosy picture... Also, insider selling in these companies began to trace a negative pattern... With that said, cooking the books changes the dynamics, and must be discouraged by aggressive laws and prosecutions... Otherwise the capital markets could dry up, and that will not benefit anyone...

Jim
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