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


To: herry iball who wrote (7331)1/3/2001 4:03:59 PM
From: Rolla Coasta  Respond to of 13094
 
Looks like big funds are buying and holding. Daytraders were caught by short squeeze this morning. Chip stocks are too cheap to be ignored at this level. They have been beyond fundamentals on the down side.

Q



To: herry iball who wrote (7331)1/4/2001 12:06:20 PM
From: James Strauss  Respond to of 13094
 
Rap:

The Nasdaq New Highs are Greater than the New Lows for the first time in months... finance.yahoo.com

An impressive 2:1 New High to New Low ratio...

The NDX is now trading above its 13 day MA for the 2nd consecutive day... This says we saw the Climax Bottom on Tuesday and Wednesday... Huge volume to the upside shouldn't be ignored... It's a very bullish sign... With that said, we could get a round of profit taking on Friday...

Jim