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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: Death Sphincter who wrote (3578)	7/24/2001 8:19:14 AM
From: Arik T.G.	Respond to of 8150

I love that LT talk. On the week of 11/14/00 the 13 weeks MA crossed under the 52 weeks MA, and the same week was the 1st time since 1994 that the 52 weeks MA was down. The SPX dropped that week from 1437 high (13 MA was 1437 and 52 MA was 1438) to 1328 low. That week started IMO the official bear trend. Now the 13 weeks MA already turned up from the 5/15 week low, and was at 1243 last week. If this week is down it could be the 1st week since May that the 13 WMA will be down. The 52 WMA continues to steadily move lower, and is now at 1319. My guess is that at the end of big B the two MAs could kiss, or even have a small crossover, but the 52 WMA should not have an up week. Therefore the big B should be limited by the 61.8% fib 1370s area, where the high closes of last November were. That is - if we don't go straight to hell from here, as the 13 WMA suggests. ATG