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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 (12316)5/4/2003 3:56:18 PM
From: James Strauss  Respond to of 13094
 
NDX Bests 18 Month Downsloping Trendline...
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William:

The market performance in the face of poor economic news is bullish... The 6.0% unemployment numbers are look back numbers or lagging indicators... The 2.1% increase in factory orders are look forward indicators or leading indicators... The market senses this...

The NDX is above its 18 month downsloping trendline... That's bullish because the heart of the big tech companies reside there... The economy ain't going anywhere without these big guns showing improvement...
bigcharts.marketwatch.com.

I'm using Rydex Electronics, Internet, Titan 500, Velocity 100, and Large Cap Europe to play this move in the funds area... I'm also keeping cash on the sidelines for any dips...
bigcharts.marketwatch.com.

Jim