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: tsigprofit who wrote (11667)	10/15/2002 8:53:29 PM
From: Robert W. Popejoy	Read Replies (1) of 13094

Every thing you say is true. The bull has been on a rampage the past four days. Perhaps it is time for a pullback. There was quite a lot of price pull back in trading in the after market today. I don't expect a huge pullback. If it doesn't develop I will cover. I notice that the (tnx.x)10-year treasury note yield went from 3.60 to 3.996 and the (tyx.x) 30-year long bond went from 4.649 to 4.963 over the past 4 days, at the same time the market is roaring up. Both charts may have made a bottom in yields. This might suggest that there is selling of bonds to go into stocks. That would reinforce your point about Buffet's action. The S&P and NAZ futures are down in Globex trading this evening. That does not mean they will be down in the morning. So we will see. I appreciate your comments, always. Bob

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