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


To: James Strauss who wrote (8020)2/26/2001 2:26:53 PM
From: jair  Read Replies (1) | Respond to of 13094
 
Jim; Two more questions. Does MAIL have a head and shoulders formation and what does the Williams % R mean? Thanks jair!



To: James Strauss who wrote (8020)2/26/2001 7:45:20 PM
From: tsigprofit  Read Replies (1) | Respond to of 13094
 
James - REV. Head & Sh.
Interesting.
Would you say the NAZ objective is likely
2450 then? Thanks for pointing that out.
Matt



To: James Strauss who wrote (8020)2/27/2001 10:07:56 AM
From: Jibacoa  Read Replies (1) | Respond to of 13094
 
JIM:

The DOW remains on a sideways pattern. Looking at the daily chart on page 3 of Section C of today's WSJ or on the following chart:

futures.tradingcharts.com

One can see that after the October dip below the 9,700 level, the DOW has been able to hold above the 10,300. But on the other hand, it has not been able to close above the 11,000 level in spite of at least four different attempts.( In Nov.,Dec.,Jan. & Feb.)

I think the DOW's breakout on either direction out of the present sideways pattern, will most likely give us more definite information of "the market" 's ultimate trend than the NAZ near term performance.

Will see what GWB has to say today and what will be uncle Al's next move.

The situation in CA seems to have improved somewhat. Here in FL there have been some talks this week about the State giving its employees the prerogative of investing some of their pension money into a form of 401K fund.If there is ever some serious discussion about privatizing SS, that would be a big boost for "the market", probably enough to create another "bubble". <g>

RAGL

Bernard