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


To: Cush who wrote (6470)8/10/2000 11:36:37 AM
From: James Strauss  Respond to of 13094
 
Thanks Cush...

I agree with your analysis about the market trend during the next few months...

A look at the weekly chart shows two descending peaks...
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We need to get up above 4135 on a closing basis to resume the uptrend...

You'll notice that for most of 1999 the NDX remained above its 20 period MA... This year there have been several violations to the downside... There is a likelihood that the 3100 area may be tested again before we test the 4135 area...

Jim