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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 (6837)10/11/2000 2:25:22 PM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
Jim, I am getting a sense we may be a little oversold now, but leadership has to come from somewhere, so which sector comes back first? I really have no idea at this point, but the naz is showing some buying. If it turns out to be just day-play, the trend will remain down.
I don't think anyone really knows what is coming in the next 30 days.

Remember when we talked about going short the big 3 auto makers last May or so? That was a prudent call...



To: James Strauss who wrote (6837)10/12/2000 10:06:12 AM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
Crude is flying today, based on what looks to be looming war in the mideast. Wage pressure is growing.
Tech showing meager leadership at the open, will it hold?
HD is showing leadership (down) for the retailers. Looks like this sector is toast. A lot of money has been made and will be made on the short side of the retailers.
SPX is really looking sad.

Last one out, turn off the lights.......


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