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

To: NewKit who wrote (976)	4/27/1998 11:27:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 13094

>>>Off topic, do you think short stocks which is at least 40% above its 18 days MA can make profit? Esp when the MA is heading (trend) down.<<< ********************************************************************** NewKit: Stocks can turn on a dime for a variety of reasons... But, when an 18 day MA is heading down, it is saying that the trend is heading down... Shorting a stock 40% above that line sounds like it could be profitable until some unsuspected news article comes along to jumpstart the stock... Also, you want to see where the longer term MA's are (55, 89, etc.)... Many times, these MA offer support... Jim