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: James Strauss who wrote (3255)	12/7/1998 1:56:00 AM
From: NewKit	Read Replies (1) of 13094

James, great advice and lessons. I second you on counter market moves. We saw one in end September when FED cut rate by 1/4 point. The market was down after the news where the NORMAL reaction to rate cut should be up. That was followed by one of the worst correction. James, one thing I don't understand is why are we having such a strong job data while many companies are reducing head counts? Is it because of the seasonal effect? If the market is moving up based on strong job data, would we get into trouble after the seasonal effect?

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