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: ~digs who wrote (13033)	4/4/2004 11:37:22 AM
From: James Strauss	of 13094

well, the employment figure put banks into a negative (tail)spin: Message 19983348 I still feel that for positional traders, this is a time to be selling and/or buying puts. Dow 10,500ish looks like formidable resistance, IMO. Of course this does not mean that you can't participate in the smallcap party... at least until the music stops. ~protoge: Good point about the banking and financial stocks... They usually don't act well when rates rise because some of the free money in their earnings spreads is taken away... On the other hand, rising rates means an improving economy... An improving economy means more financial transactions... So, it should balance out after the initial hysteria... A look at the Nasdaq shows the 10 day MA crossing the 20 day MA... This is bullish... So, is the positive rising MoneyFlow... Friday's gap, if filled in the 2000 area presents a good buying oppty... bigcharts.marketwatch.com Jim

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