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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Nick who wrote (24671)12/13/2000 11:33:09 AM
From: Jim Willie CB  Respond to of 65232
 
NickMan, Naz is playing the MovAvg Game on schedule

30MA=3000 was the clear 30dayMA
that level had other factors serving as resistance
e.g. TGvg reversal, downtrend upper boundary, "000" effect
hard for reflex rally to pass by both 18MA and 30MA

now 18MA=2890 should serve as support
like a ball bouncing off walls
relative strength for Naz has markedly improved in last 2 weeks

in order to assault and pass 3000, we need momentum
the Fed might provide a stimulus
a bounce off 18dayMA might assist any upmove

by the way, both 18MA and 30MA are now RISING
but 50MA at 3130 is now flattening
all good signals

when Naz3000 is surpassed, it will be loud
with shorts in the rearview mirror as roadkill
/ JW