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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 (12554)	7/7/2003 4:14:11 PM
From: James Strauss	Respond to of 13094

Still, this market is nuts, no one I know is chasing with any conviction, just trading minute by minute. I liken the current market state to an attack of piranha, a complete feeding frenzy... William: Short term anything can happen... This five year chart of the SPX shows a bullish triple bottom breakout over a period of two years... bigcharts.marketwatch.com So, we are looking at a intermediate term uptrend... But, July has given us 10 to 15% NDX corrections in bull and bear environments... bigcharts.marketwatch.com I'm watching the 5 day MA vs the 10 day MA... If we get a downside violation I'm on the short side of the market until we get another 5 day MA crossing of the 10 day MA to the upside... Jim