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 (12522)	7/1/2003 11:16:55 AM
From: James Strauss	Read Replies (2) of 13094

James/William - do you think we could retest Nasdaq 1100-1200 area? One thing I'm doing now that I didn't do before is to hedge with USPIX at times like these - and put 20% or so in there. Still have longs too - mostly WJ's micros. Matt: Good going with USPIX... bigcharts.marketwatch.com quicktake.morningstar.com I'm a little more conservative with Rydex Arktos that has a 1:1 inverse relationship with the NDX rather than a 2:1 inverse relationship with the OTC... As for the Nasdaq, it has near term support at 1553 and 1478... After that 1432 could break the slide... I don't see it dropping lower than 1390 in the extreme... That's right around the 200 day MA... stockcharts.com[m,a]daclyyay[pb200!a1390][vc60][iLb14!La12,26,9]&pref=G On the way down there are two possible bearish head and shoulders setups in the 1500 area and 1400 area... Jim

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