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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 (12486)6/21/2003 12:01:25 PM
From: James Strauss  Read Replies (1) of 13094
 
NDX Looks Ready To Correct...
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bigcharts.marketwatch.com

MACD and Stochastics suggest further downside...

The FED meets next week... A 1/2 point cut would suggest greater weakness in the economy... I think this would overshadow the long liquidity argument... A 1/4 point cut would be more positive for the market if it's accompanied by a positive statement by the FED looking forward sprinkled with a little caution for the present...

Jim
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