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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 (8207)	3/16/2001 3:00:28 PM
From: James Strauss	Respond to of 13094

Jim, do you think we are going to 1998 low? CSCO 10 and NASDAQ below 1500. NK: Depending on what the FED does next week we could put in a bottom or test the 1998 lows on the Nasdaq... CSCO is showing good strength in the 18.00 to 20.00 area... We could see an intraday blowoff selling down to the 15.00 area next week... bigcharts.com A 1/2 point rate cut could send the Nasdaq down to the sub 1800 range... Maybe as far down as 1500... bigcharts.com The key is whether we get a 3/4 point rate cut or not... Anything less could set up a round of capitulation selling that may finally give us that bottom... Jim