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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 (9270)	8/2/2001 12:32:52 PM
From: James Strauss	Read Replies (2) \| Respond to of 13094

Is GE Sending A Bearish Signal??? *********************************** GE has over a 90% correlation with the S&P 500... So, why is it showing negative divergence at this time?http://stockcharts.com/def/servlet/SC.web?c=ge,uu[m,a]daclyymy[pc13!d20,2][vc60][iUk14!La12,26,9!Lg!Lf] The EPA decision regarding the Hudson River dredging is already accounted for on the books... It amounts to about 1/2 cent per share... So, that can't be the drag... Maybe it's the coming departure of Jack Welch as Chairman and CEO... But, the market already knows that... So, what is it... Until that becomes clearer, it puts a cloud over the Dow and S&P... Jim

To: James Strauss who wrote (9270)	8/3/2001 12:12:06 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Jim, fishy is right. Now this bi-polar market has what would normally be considered a good number today, and it takes a dip anyway. I guess it will be a lagging type thing, so the real bad news will hit when it has the potential to do the worst damage, late fall. Amazing about the downgrade of MOT by Morgan Stanley this morning. I had thought it was ahead of itself too, but have no position at the moment. I still think it is a $10 stock, as it was in the big dump last spring. I think one of the keys is what they will get for their semi biz. I hear maybe $30 billion.. Also, some observations. I went shopping for a big screen tv last night, went to a CC & BBY. The CC store was empty, maybe 5 people looking at cd's. About 15 young employee's twiddling their thumbs, and I thought they were $high on the tv I picked out, and this commission salesguy wasn't dealing much, so I said good-bye. BBY was a much busier, people buying phones, computers, tv's, etc. and found a similar screen, then by chance ran into a relative who works there, and got a huge discount, much to my surprise. My thinking is CC is a short, as BBY seems to be kicking their butts.

To: James Strauss who wrote (9270)	8/3/2001 6:21:39 PM
From: Silver_Bullet	Read Replies (1) \| Respond to of 13094

A friend of mine has been laid off now to leave the 1st of October. (How ever that works?) So, in essence he's fired but had 3 months to work, actually 2 now. Two things, first he and the 50 others in his office aren't very productive, I think he said that they have already run though all the computer games and are getting bored with them. Second, this has a delayed effect on the unemployment numbers. Even though the unemployment percentage didn't go up much this time there is still the upward pressure. I typically am bearish when everyone else is and bullish when everyone else is. Sometimes I get caught buying a top or shorting a bottom. Thank God for mechanical stop losses. I heard someone recently state that a trader needs a mentor. What do you think? FT