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

To: Jibacoa who wrote (7986)	2/23/2001 12:24:26 PM
From: James Strauss	Respond to of 13094

Bernard: Thanks for the charts... The Nasdaq is moving towards the point of no return... bigcharts.com There is no real support until it gets to the 1800 to 1500 area... If 1800 is the bottom we could see the Dow dip below 10,000 to the mid to low 9000 area... That would maintain the historical 5:1 relationship between the Dow and Nasdaq... If the FED jumps in now with a 1/2 point cut and another 1/4 to 1/2 point cut in March we have a chance for a V or U reversal... Jim