Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bucky Katt who wrote (11901)	12/2/2002 3:55:25 PM
From: James Strauss	Read Replies (1) of 13094

My supposition is this whole run-up is tied in with the Xmas spending season, to induce Americans to get further in debt, and after that, then what? What is the next crutch? William: The good retail sales this past weekend were generated by big markdowns... So, while top line numbers look good, the margins are being squeezed... This could lead to a disappointing bottom line in January... If that happens, the retailers will have to increase their off seasonal borrowings... This could put upward pressure on interest rates... On a positive note, inventories should be thinned, resulting in less markdowns in the post holiday period... The OEX is in a do or die position in a rising wedge pattern... The break up or down should dictate market direction for the next week... stockcharts.com[m,a]daclyyay[pb50!b13][vc60][iLb14!La12,26,9]&pref=G A breakdown could set up a test in the 445 to 450 area... A breakout sets up a test in the 530 to 575 area... Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next