Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bucky Katt who wrote (12475)	6/16/2003 4:27:26 PM
From: James Strauss	Read Replies (3) \| 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? William: The Arms Index is suggesting a pullback tomorrow... I took a moderate position in Rydex Arktos... The QQQ's are hugging 10 MA support... I'd watch that closely... bigcharts.marketwatch.com The angle of ascent is flattening out around the 30.00 area... A sideways move would be a bullish consolidation... An upside breakout above 31.47 would set up a test of the 34.00 area... A break below the 30.00 area sets up a test of the 29.00 area and possibly the 27.00 area... If the market continues upward the Rydex Juno Fund which shorts the 30 year bond should do well... Tuesday is going to be an interesting day... : > Jim