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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 (9194)	7/19/2001 11:27:49 AM
From: James Strauss	Read Replies (2) \| Respond to of 13094

William: A picture is worth 1000 words... bigcharts.com There is a direct inverse relationship with the price of energy and the price of equities... You can see how the XOI was rising while the SPX was falling... I agree that the G7+ G wiz will probably come to the aid of Argentina and Brazil... That should be good for a short term spurt in the markets... Real upward mobility probably won't get started till sometime in the fourth Qtr when the year to year comparisons start to look better... The Naz needs to best 2080 and 2125 on a closing basis to get out of this compressed trading range... We could then see a burst through 2150 and 2250, with a test of the 2300 area very quickly... But, 2080 needs to be breached first... Note the intraday failure at 2079... bigcharts.com bigcharts.com Jim