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: Jibacoa who wrote (12744)	9/17/2003 3:47:49 PM
From: James Strauss	Read Replies (1) of 13094

Bernard: All major indicies are bumping up against familiar resistance... The channel seems to be shrinking... We could get a breakout or breakdown any time now... The improving economy suggests an upside breakout... Note the last double top breakout in April where the second top was higher than the first top... That led to a mammoth advance... bigcharts.marketwatch.com On the 3 month chart we have the 10 day MA above the 20 day MA... This bodes well for the intermediate term... bigcharts.marketwatch.com The one month chart shows positive money flow... bigcharts.marketwatch.com With most people expecting a correction we could get one helluva rally that feeds on itself as institutions and retail investors try to catch a runaway train... Jim

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