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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 (6852)	10/14/2000 12:28:04 PM
From: Rolla Coasta	Read Replies (1) \| Respond to of 13094

Hi all, anyone sees a problem in the IPO market ? Debts are piling up on some major financial firms who underwrite IPO stocks, which likely to go way down in this market. I'm not quite sure what kinda debt causes some banks to collapse in Japan. But things could look ugly here in US as well. Any thoughts ? Q

To: Cush who wrote (6852)	10/15/2000 2:17:04 PM
From: James Strauss	Respond to of 13094

Cush: I just eyeball Candlestick charts... The Nasdaq had a similar pattern in August when it bottomed in the 3500 area and went to the 4200 area... A 20% move... stockcharts.com[W,A]DACLYIMY[DC][PB10!B50!B200!H.02,.20][VC60][IUB14!LA12,26,9!LP14,3,3] The July and August tops end in that 4100 to 4200 area... If we get a triple top, we could see a 40% move from the 3000 area to the 4100 to 4200 area... We'll need the see the selling (New Lows) dry up on the Nasdaq for any sustained up move... Jim