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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 (12568)7/10/2003 2:24:28 PM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
A few days of 150+ points down on the DJIA and people might start thinking we actually were/are in a bubble...
Like I said last week, technically we were in a big up move, but fundamentally it just isn't there.....

This is where the art & science of chart reading requires more of the art side..

A perfect storm of rising unemployment, rising mortgage rates, a "war" going wrong, and executed with faulty (fudged) "intel" to begin with??
But, the FED should be at work soon, coming to the rescue with more push..

The fact that the media is asking hard questions of Bush in Africa is something to watch, and he thought going to Africa would dull the news coming out of Iraq...