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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 (11409)	8/6/2002 2:20:12 PM
From: James Strauss	Respond to of 13094

Do you think this is another bear market rally or that we are bouncing from a resilient bottom.<g> Bernard: Until the downtrend is broken this is a BEAR rally... CNBC had an interesting statistic... During the 90's bull market there were only 3 days where the market climbed %5 in a day... During the last 3 year BEAR there were 22 days of 5% up moves in a day... Today makes it 23... The Dow needs to close above 8750 to break the downtrend... stockcharts.com The Nasdaq must first close above 1357 to break the recent downtrend, then, 1750 to break the long term downtrend... stockcharts.com Jim