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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 (8168)3/12/2001 12:06:26 PM
From: James Strauss  Read Replies (3) | Respond to of 13094
 
1800 Nasdaq Next Stop...
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The Nasdaq is heading towards the 1800 to 1500 areas last seen in 1998...
bigcharts.com

We haven't yet seen real blowoff selling that marks capitulation... The number of New Lows on the Nasdaq is hinting that we may be getting close... finance.yahoo.com With over a 10:1 ratio of New Lows to New highs, we are beginning to see some panic selling as the once giants of the Nasdaq, CSCO, INTC, YHOO, etc., are not bouncing back like they did before... In October of 1998 the Nasdaq bottomed at 1449 and CSCO bottomed at 10.55... A year ago we would have said that could never happen again... But Now???

Jim