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

To: Sergio H who wrote (12321)	5/5/2003 3:01:32 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

Wow Jim. 16 new 13s is a welcome sign. Some of the names on your list bring back good momories. Particularly, your highlighter PWAV. Please take a look at GEG's chart. The gap is a concern for me. Can I label the gap an island reversal? Sergio: As of this writing, 14 of the 16 new 13's are up today with HOMS leading the way up 18.56%... The gaps in GEG at 5.44 and 5.28 could be filled... bigcharts.marketwatch.com We are not looking at an Island Reversal... That usually looks like this... X X X X X X You have a gap up or a gap down followed by two or three days of sideways movement... Then the price moves in the direction of the gap... The 4/29 price action was not a gap... It was a point of indecision... MoneyFlow and MACD suggest further downside... Jim