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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 (6838)10/12/2000 10:35:30 AM
From: James Strauss  Respond to of 13094
 
William:

The suicide attack on a U.S. Destroyer in the Mid East by terrorists has turned the market down again while kicking oil up $2.00...

The NDX reversed itself today...
bigcharts.com

It broke a potential double bottom... We have wiggle room to the mid 2950's before we start looking at lower tests...

Before the Mid East situation we looked headed for a test of the recent bottoms... That, and some financial credit warnings are weighing down any attempts for the market to turnaround today...

As for the autos... The first one to aggressively market an alternative energy vehicle that gives better than a comparable 50 miles to the gallon should be a big winner... It's about time they get out of bed with big oil...

Jim