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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 (8913)	6/6/2001 10:52:39 AM
From: James Strauss	Read Replies (1) \| Respond to of 13094

Points well taken William... The short term trading ranges are the rule of the day... XLNX still has room to run to the 50.00 area... stockcharts.com[m,a]daclyymy[pc13!d20,2][vc60][iUa12,26,9!Lc20!Lk14!Lw25] SUNW just closed an overhead gap... Visibility appears to be improving... stockcharts.com[m,a]daclyymy[pc13!d20,2][vc60][iUa12,26,9!Lc20!Lk14!Lw25] CSCO faces an important double top test in the 24.00 area... stockcharts.com[m,a]daclyymy[pc13!d20,2][vc60][iUa12,26,9!Lc20!Lk14!Lw25] In the past the dismal economic outlook would have kept the market down... But, the voice of the interest rate cuts and visions of better times 3 to 9 months down the road seem to be what investors are now focusing on... They know how far and fast a market can go when the bull takes charge... They have a greater fear of missing the launch than being caught in another trip to the April lows... This change in market psychology usually precedes market stabilization and a start of another bull run... Sometimes though, a final retest of the lows comes before the bull takes charge... We'll know which scenario unfolds in the days following the next FED meeting... Jim