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

To: tsigprofit who wrote (12522)	7/1/2003 11:16:55 AM
From: James Strauss	Read Replies (2) \| Respond to of 13094

James/William - do you think we could retest Nasdaq 1100-1200 area? One thing I'm doing now that I didn't do before is to hedge with USPIX at times like these - and put 20% or so in there. Still have longs too - mostly WJ's micros. Matt: Good going with USPIX... bigcharts.marketwatch.com quicktake.morningstar.com I'm a little more conservative with Rydex Arktos that has a 1:1 inverse relationship with the NDX rather than a 2:1 inverse relationship with the OTC... As for the Nasdaq, it has near term support at 1553 and 1478... After that 1432 could break the slide... I don't see it dropping lower than 1390 in the extreme... That's right around the 200 day MA... stockcharts.com[m,a]daclyyay[pb200!a1390][vc60][iLb14!La12,26,9]&pref=G On the way down there are two possible bearish head and shoulders setups in the 1500 area and 1400 area... Jim

To: tsigprofit who wrote (12522)	7/1/2003 12:16:12 PM
From: Bucky Katt	Read Replies (3) \| Respond to of 13094

Beats me what is going to happen, we are in some very overbought air. Keep an eye on housing prices, when they go south so will the stock market indexes. (the rat stocks excluded, they do their own thing, as we well know) Just as I said on here right near the peak of the markets a few years back, when the Beanie Baby craze started going south, the market bubble would follow the "southern" route too. It sounds simplistic, and it is, just a good understanding of psychology... Mass psychology....... Just for the record, the bang I am getting in options lately isn't much, so I have shifted more into index futures, which I don't recommend to anyone.