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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 (11658)10/12/2002 1:40:34 PM
From: James Strauss  Read Replies (1) of 13094
 
I'm going into Monday short in Rydex Ursa which shorts the S&P 500... Unless the SPX closes above 850 (downtrend line), it could revisit the 800 area...
bigcharts.marketwatch.com.

The NDX gapped on Friday... We should see that filled soon...
bigcharts.marketwatch.com.

To keep everything in perspective, the 3 year chart on the SPX shows the long term down trendline still intact...
bigcharts.marketwatch.com

A "W" double bottom that sends the SPX to a close above 1000 is needed to change the intermediate term trend to bullish...

Jim
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