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


To: James Strauss who wrote (9190)7/19/2001 10:02:16 AM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
Jim, with Alan & co ready to pump, and the G-8 meeting coming, as we talked about last week, I think the markets are getting a green light to make a decent upmove.
I picked up some big cap longs yesterday on the max dump, proving to be a prudent move.

We now have a market that wants to go up, simple as that.
Monday-Wed next week will indicate just how sustainable the current move will be.

ps, crude is about to break the $25 per barrel support, natgas futures just went under $3, so those 2 things taken together won't hurt either...

And on that note, I just read that the genius trust in California has such a surplus of power right now, due to cooler temps, they are selling some of their megawatts purchased for $185 per megawatt back to the grid for one dollar. I wonder if any of them went to business school?