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: IsaacF1 who wrote (1714)	5/27/1998 10:40:00 AM
From: James Strauss	Read Replies (2) of 13094

The Market: Isaac and 13R's: We are beginning to get that slow Chinese Water Torture drip, drip, drip, of lower prices reminiscent of 1987 and 1973-74... While it can be argued that interest rates are relatively low, and the Budget will have a surplus, the Market is sending a signal that something else is greasing the skids for a correction... I moved all Mutual Fund money in Money Market several weeks ago... I've been lightening up on my stock holdings in the last week... I've even lightened up on RECY, APCO, and TAVA... There appears to be overall downward Market pressure that will take down the good with the bad... Having cash on the sidelines will allow for advantageous purchases in the months to come... Jim

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