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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 (12663)	8/23/2003 7:18:39 PM
From: Silver_Bullet	Read Replies (2) of 13094

Jim, the following heisted from a newsletter I read. With Friday's trading I smell at least a short term top in the winds. FT This courtesy of Dennis Gartman: AUGUST MARKET TURNS While most people view the last 2 weeks of August as vacation weeks, over the last 16 yrs important turns have taken place then: August 25,1987 - the exact top prior to the crash.. August 23,1988 - low has never been returned to.. August 24,1995 - low has never been returned to.. August 19,1998 - top preceding 18% plunge in 2 weeks.. August 31,1998 - important market bottom.. August 31,2000 - 2 days before all time high.. August 24,2001 - end of rally ,market drops 22% in under a month.. August 22,2002 - exact rally top, market drops 21% in under a month. (Courtesy of Peter Eliades of Stock Market Cycles.) Four out of the last five years have seen a major turn in August. As I glance over my shoulder at the screen, I notice that we are near the highs for this run. Just food for thought.

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