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

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To: Bucky Katt who wrote (12449)6/12/2003 2:53:46 PM
From: James Strauss   of 13094
 
Jim, we must be near a top, I am getting cold calls from scummy brokers, futures houses pushing gold, crude and natgas, and investment letter teasers in the mail everyday!
I toy for a few minutes with the futures pimps, asking why didn't you call me a year ago when the odds of a huge return was better?? Then they figure out that I am already a player in futures and I get the "click"


William:

Boy!!! Did they get the wrong number... : >

The Bullish % P&F numbers are above the overbought range... 70 is overbought and 30 is underbought...
investorsintelligence.com

A review of the last 2 runups in the SPX showed gains of 21% and 16% respectively with 7% retracements... If we get a correction here we could see a dip to the 935 area which sits on a Fibonacci band...
bigcharts.marketwatch.com

The resiliency of the market suggests that the dips continue to be bought...

Jim
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