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

To: Duke who wrote (2259)	7/17/1998 9:39:00 AM
From: IsaacF1	Respond to of 13094

Duke: It is pretty topsy turby right now and I too notice the caution that prevails in the market. We are all worried about what Asia and the Y2K issue are going to do to future earnings, I personally have not done as much trading lately because of Asian turmoil, I'm keeping my darlings and leaving the riskier stuff alone for now. I was driving back from Michigan the other day when and came across a radio show in which a Y2K "expert" was being interviewed. I'll tell you, he was just there to scare anyone listening, he even got me a little trepadatious. He was bantering about how this problem has been intentionally ignored by the govt as part of a conspiracy to destroy the foundation of global markets, leaving everyone penniless so that the the string pullers could waltz right in and buy everything in sight, a giant back scratching scam. It sounded like religious fanaticisim and I was shocked at the line of thinking and the seeds this person was planting in the public mind. One truth here is that nobody really knows whats going to happen when 01/01/00 becomes real, and it is getting closer every day. IsaacF1

To: Duke who wrote (2259)	7/17/1998 11:40:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 13094

13's Correlation With Market Direction... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Duke: The old Marty Zweig saying, Don't fight the FED and Don't fight the tape is as true today as it was 20 years ago... With a low interest rate environment and the major averages heading higher you have to go with the flow until moving averages are violated to the downside... What's interesting about the 13's correlation to the market is it represents interest in the low price stocks... Since these stocks usually lag the overall market, their direction, either up or down seems to act as a lagging confirmation of market direction... It has worked since the 13's thread was started... Right now it's saying the market is going up... I strongly suggest those that have mutual funds should have this type of asset allocation at this time... Market Index 25% Capital Appreciation 25% International 25% Emerging Markets 10% Money Market 15% [Can go into Emerging Markets if they continue improving] Jim