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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 (12436)	6/11/2003 6:23:37 PM
From: SilasSan	Read Replies (1) \| Respond to of 13094

I agree .. overbought (and I, too, am long Biotechs). But if there's one thing the Bubble taught me, it is that you can always become more overbought. (Wish the bubble had taught me when enough's enough, though.) The biotechs (at least the ones I've been looking at as well as the $BTK) have been bouncing off of an exponential trend line to the upside, taking about 4 to 5 sessions after a peak to relax and meet it again. The curve shows no inflection so far so I guess we're still on the accumulation portion.

To: James Strauss who wrote (12436)	6/16/2003 3:47:28 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Jim, you were right (of course) on the QQQ's...I took the pipe on them....(puts) About 15 minutes ago, the FED must have dropped a few $billion on Wall Street, I had every stock on my screen (all big caps) all go up together on the bid & ask.... Never have I seen such a thing before.. So, I ask, are they painting for the end of the quarter? Are they running stocks based on the hope the FED cuts 1/4 or 1/2 at the next meeting?