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: Bucky Katt who wrote (12679)	8/27/2003 4:37:01 PM
From: James Strauss	of 13094

Jim, I think we have seen the peak for this cycle in the 3 main indexes. The mood is changing, and the path down seems to be the path of least resistance... At best, we just tread water for the next few months, but I doubt the dog paddle is in the cards... It will be a very long winter... William: The DOW closed down an ominous 6.66... It's underperforming the SPX and Nasdaq... My money is on the 500 SPX companies and 100 top Nasdaq companies as trend indicators as compared to 30 companies in the DOW... finance.yahoo.com^DJI&d=c&k=c3&c=^spx,^ixic&t=6m&l=on&z=m&q=l I agree that we will probably tread water over the next month... That's a good thing compared to a major correction... Even though we've had a good bull run, it's off a low base... I think there will be upside surprises in earnings in the coming Qtr which will set the market back on its ascending course... Jim

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