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

To: Jibacoa who wrote (10548)	1/16/2002 5:34:50 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 13094

I forgot who said: "It is better to listen to a bear who is wrong than a bull who is wrong because a bear only costs you lost opportunities and a bull costs you money." Not if you happen to be playing the short-end of the stick... A more important thing to remember is that the market works both ways. Ignoring the ripe shorting opportunities the past week is just plain silly. And when the selling dries up, go the other way. Too much hand wringing going on, and not enough market analysis..

To: Jibacoa who wrote (10548)	1/19/2002 7:11:58 PM
From: James Strauss	Respond to of 13094

JIM: I agree that if the 1800 level doesn't hold it is likely that the 1600 will be tested.And of course I hope that one should HOLD, but I would rather "wait and see".<g> Bernard: The Nasdaq broke below the lower boundaries of an Ascending Triangle pattern on Friday... stockcharts.com[m,a]daclyyay[pb50!b200!f][vc60][iLb14!La12,26,9] The 50 day MA has been violated to the downside... The 200 day MA is being tested... 1900 almost seems like a surety... Note the double top failure... The QQQ's look a little weaker, suggesting that the big caps are taking the hits right now... stockcharts.com[m,a]daclyyay[pb50!b200!f][vc60][iLb14!La12,26,9] There will most likely be a test of the 35.00 to 36.00 area... After that, the 34.00 area is all that stands in the way of a 28.00 re-test... Puts on a break below 38.00 look pretty good right now... Jim