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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 (10606)	2/19/2002 1:29:48 PM
From: James Strauss	Respond to of 13094

<Jim, I think I will stick to what my t/a work is telling me rather than betting on a hunch of what I thought might happen, just to make a quick buck... I hear rumors of big pullouts of overseas money from US stocks, mainly due to the "axis of evil" war-speak spouting out of Washington. Toss in the accounting crap and we are in some trouble here William: Good idea... TA cuts through all the spin and reflects what's happening... The weekly Nasdaq chart shows the current trend... bigcharts.marketwatch.com Regardless of the positive or negative story of the day, a downward trend is in place... Trends stay in place until they change direction... This may sound simplistic because it is... : > On the fundamental side there is an accounting Salem Witch Hunt with IBM in the current crosshairs... Could GE be next??? This paranoia will eventually end... In the meantime, the end of the second Qtr numbers looks like the likely elixir needed to turn the market to the upside... Until then, the trend is down to flat... Jim