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

To: J D B who wrote (11517)	8/25/2002 11:25:52 AM
From: James Strauss	Respond to of 13094

Jim, the SPX & DJX also closed below their 50 day EMA. Do you project the same sort of scenario for them as you do for the NDX? J D B: The SPX is in a very tight 940 to 950 channel with a rising bottoms trendline in the 925 area... If that breaks to the downside your shorts will be justified... The SPX could then retest the 876 area... If we get a close above 963, we could see tests of the 976 and 1000 areas... bigcharts.marketwatch.com The DJX needs to stay above 87.50... A breakdown could set up a retest of the 83.50 area... A further test could occur in the 80 area... Watch 87.50... bigcharts.marketwatch.com Jim