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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 (6673)	9/15/2000 11:56:47 AM
From: James Strauss	Respond to of 13094

When Is Good News Bad News??? ******************************** For me, the May, July, and September lows show a rising pattern and can be connected by a rising trendline... bigcharts.com But... The NDX is currently a smidge below that trendline... So, the big question is do we head down to the 3500/3600 area again? Or do we break upward with a successful test of this intermediate term trendline... There were intraday breaches of the May and July bottoms... This latest breach has existed for four market closes so far... Also, the 2 day MA is below the 5 day MA... Add to that the market's adverse reaction to low inflationary economic numbers, and you have an environment that appears to be biased to the downside... Unless the NDX can close above 3790 it will continue to drift lower towards a 3500/3600... Jim