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: J D B who wrote (11578)	9/12/2002 12:09:53 PM
From: James Strauss	Read Replies (1) of 13094

An ugly, ugly day. I opened an NDX short (2x) at today's eod pricing. Will consider the same for SPX tomorrow. This market has been propped up too long now - it's failing under it's own weight. J D B: Yesterday's falloff at the end of the day was a clear sign that market weakness would continue... Also, it seems that whenever Bush speaks the market dips... Good choice going short against the NDX for today... You might also want to consider going long precious metals... A good one/two punch during uncertain times... bigcharts.marketwatch.com NDX bigcharts.marketwatch.com Precious Metals Look for a possible NDX bounce around the 900 area... That sits on a short term trendline beginning in early August... Jim

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