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

To: NewKit who wrote (8182)	3/14/2001 11:43:51 AM
From: James Strauss	Respond to of 13094

NK: Quite a roller coaster ride today... The Nasdaq New Lows/New Highs ratio (20:1), with over 200 New Lows is hinting that we are getting close to a bottom... finance.yahoo.com Perhaps the CSCO flip flops about buying back shares, and finally fessing up that they are considering it has softened the blow on the market today.... Back in 1987 the IBM buyback of its own shares buoyed the market... I still think there is more downside to about the 1800 area on the Nasdaq before things quiet down and we put in a bottom... There are still some overhead gaps in the 2050 and 2175 areas that have to be filled... bigcharts.com Jim