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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (6375)	7/6/2000 11:36:03 AM
From: James Strauss	Read Replies (1) \| Respond to of 13094

NDX Showing Signs Of Weakness... ********************************** William: The YTD chart of the NDX shows the 10 day MA dipping below the 20 day MA... bigcharts.com MACD has a negative crossover, but Williams %R shows oversold... Conventional wisdom would say that with the FED almost assuredly done, at least until August, the market should be rallying right now... Instead, we have a very indecisive market... This is not what bull markets are made of... It's looking more and more like a trading range market for the time being... This one month chart shows a somewhat Head & Shoulders formation during the month of June... bigcharts.com In the end, it's the movement of price that identifies a market... Right now the market can be classified as directionless... Jim