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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (7153)	12/20/2000 11:11:30 AM
From: James Strauss	Respond to of 13094

Wally: The Market had the bias change priced in for a neutral... But the FED actually made two jumps, to neutral and economic weakness watch... While we didn't get a rate cut we got a little more than just a move to bias... The market should have viewed this positively or at least neutrally... Instead, we've had a negative reaction yesterday and so far today... The market has spoken... No need to jump in front of a speeding freight train... The market still has to find a bottom... Right now it's looking for something at or south of 2300 on the NDX... bigcharts.com The A/D line and New Highs/New Lows look bad... finance.yahoo.com We have almost a 25:1 ratio of New Lows to New Highs... This says we are near a bottom but not at a bottom yet... The TRIN is showing a short term double top... finance.yahoo.com^STI.N&d=5d There is two year support in the 2100 to 2000 area... Jim