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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 (8461)4/18/2001 1:36:45 PM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
William:

When Dow 9600, SPX 1100, and Nasdaq 1800 refused to buckle under all that bad news, it gave all the signs of a bottom... Add to that the 1/2 point FED rate cut, and you have a platform for a market turnaround...

The SPX smashed through the upper Bollinger Band at 1200 today...
bigcharts.com

The 10 day chart gives us a more graphic view of the opening of the jaws of the Bollinger Band...
bigcharts.com

This usually precedes a rising Bollinger Band channel as the prices move to higher levels... The next test is in the 1290 to 1300 area...

Jim