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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 (12663)	8/21/2003 5:24:54 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Jim, my take is the the weak dollar, vis-A-vie what you can "earn" in a money market account means stocks are the only game in town, and that is just plain silly... This is monopoly money we are playing with... What is the alternative, other than playing overvalued stocks?

To: James Strauss who wrote (12663)	8/23/2003 7:18:39 PM
From: Silver_Bullet	Read Replies (2) \| Respond to of 13094

Jim, the following heisted from a newsletter I read. With Friday's trading I smell at least a short term top in the winds. FT This courtesy of Dennis Gartman: AUGUST MARKET TURNS While most people view the last 2 weeks of August as vacation weeks, over the last 16 yrs important turns have taken place then: August 25,1987 - the exact top prior to the crash.. August 23,1988 - low has never been returned to.. August 24,1995 - low has never been returned to.. August 19,1998 - top preceding 18% plunge in 2 weeks.. August 31,1998 - important market bottom.. August 31,2000 - 2 days before all time high.. August 24,2001 - end of rally ,market drops 22% in under a month.. August 22,2002 - exact rally top, market drops 21% in under a month. (Courtesy of Peter Eliades of Stock Market Cycles.) Four out of the last five years have seen a major turn in August. As I glance over my shoulder at the screen, I notice that we are near the highs for this run. Just food for thought.