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


To: Bucky Katt who wrote (8185)3/14/2001 10:10:41 AM
From: Bucky Katt  Read Replies (3) | Respond to of 13094
 
Reversed, closed my short positions, opened long positions in the NDX, DOW & SPX, buying some time going out into the next months expiration so I can catch the coming FED bounce...with luck, next week...



To: Bucky Katt who wrote (8185)3/14/2001 10:23:48 AM
From: Jibacoa  Read Replies (1) | Respond to of 13094
 
The MARKET:

We may see some short term rallies, but the trend still remains down.

What a difference just a few weeks make!!

I recall that after uncle Al's last cut there was a sell off and that was one of the things that made me think about a change on the trend:

Message 15281696

The DOW is coming back some from the 9.45AM lows but if it closes this week below the 10,000 level it may easily get to that valley in Oct.98 around the 10,850

siliconinvestor.com

The NAZ has failed so far today in its attempt to get above the 2000 and may also dip to the 1998 Oct. valley at the 1770 level.

siliconinvestor.com

As I said previously, we are due for some high volatility days. <g>

Good luck to all, as it seems we are going to need it.<g>

Bernard