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

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To: Robert W. Popejoy who wrote (11695)10/24/2002 2:57:22 PM
From: James Strauss  Read Replies (2) of 13094
 
Thanks Jim: Yes I am aware that the leverage on those two swings hard in both directions. I was sitting on ready today to sell the Velocity 100 and then the market turned. So I'm still on board. I watch the VIX daily. The NDX has shown extraordinary percentage strength over the past few days when compared to the SPX. Today SPX up 0.067% and NDX up 2.64% Maybe the Funds are buying what they hope to be "growth."

Bob:

We're getting an end of day downturn in the markets... I'm positioned again in Rydex Ursa and Arktos... I think we're very near a solid bottom... The next move up after this dip could be the long awaited turnaround...
bigcharts.marketwatch.com

Jim
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