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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 (12312)	5/1/2003 3:07:07 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

Friday Could Be The Market Barometer... *************************************************** Note the blue horizontal line on the SPX chart in the 918 area... There has been quite a battle around there... Stochastics and MoneyFlow suggest an overbought situation... Sometimes you can get a continuation of a bullish move from these levels... For that, we'd need to see the MoneyFlow levels rise... stockcharts.com[m,a]dacl... Perhaps the anticipation of President Bush's speech tonight declaring an end to the full military aspect of the U.S. presence in Iraq to a rebuilding/policing presence is giving the market a reason to look past the current weak economic numbers... It's always bullish when the market shrugs off bad economic news... We may be seeing that today... Tomorrow could be the real key to short term market direction... It will have digested the Bush speech and current economic data... It's reaction to all this on Friday should be a good barometer of investor sentiment... Jim