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

To: James Strauss who wrote (6412)	7/21/2000 12:41:05 AM
From: Chisy	Read Replies (2) \| Respond to of 13094

In hind sight and looking at that chart...what a perfect short was spelled out in ETYS last Dec. It is just too hard for me to get into the short side though. Right now down side looks limited and upside looks good. Hope we are right. ;-) Good luck, Chisy

To: James Strauss who wrote (6412)	7/29/2000 3:02:52 PM
From: James Strauss	Respond to of 13094

Mama Said There'll Be Days Like This... ****************************************** The NDX couldn't put on the brakes after smashing through the 3600 area... bigcharts.com This week's stronger economic numbers have gotten the FED's attention as evidenced by Greenspan's slightly more hawkish stance in his second appearance before Congress... What once was an almost certainty that the FED was done raising rates is now an uncertainty... The market doesn't like uncertainty... As such, any rallies between now and the FED meeting will be oppty's to sell... The weekly market flip flops has all the earmarks of a BEAR market where good news is not always good news and investors/traders hang on every economic announcement... Bull markets have more of a Teflon feel to them... Only the good news sticks... We're seeing just the opposite now... It's very important that the NDX hold in the 3000 to 3100 support area, otherwise it could really deliver a very painful bottom in the 2200 to 2400 area... So, there will be a heavy weight on the FED's shoulders in three weeks when they analyze the economic data and debate the economic vs political considerations of raising rates or remaining neutral... Jim

To: James Strauss who wrote (6412)	7/31/2000 3:24:33 PM
From: James Strauss	Respond to of 13094

A BEAR Bounce??? ***************** Is today's up move a new advance or just a BEAR market rally? A look at the Nasdaq statistics shows the Advancers almost equal to the decliners, and the New Lows almost 4 times greater than the New Highs... finance.yahoo.com This leaves me a bit suspicious about this move today... We need to see a closing above 3760 to break the downtrend of the past week... bigcharts.com We also need to see some friendly economic numbers this week to quiet the FED fear... In the meantime we're bound to see the schizophrenic nature of this market continue with mood swings from elation to despair... Today it's time for elation... Tomorrow??? Once the 8/23 FED meeting is in the books we should see a more predictable market... For now, it's better to try and avoid the whipsaws until the downtrend is broken, and the FED is not an issue... Jim