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

To: Sergio H who wrote (2949)	10/31/1998 12:43:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 13094

Sergio: NYSE... Note that there is a double bottom [\/\/] on the NYSE chart this is a bullish pattern... It is signaling that the NYSE is heading higher... XAU... Note that the XAU is bumping up against the 200 day MA... A break above that could take it to the 95 area, an interim high... XOI... The 50 day MA is beginning to point upward... This is hinting a shorter term positive momentum change within the context of a longer term downtrend... I'd watch for a breakout above the upper downtrend line (A)... DJ Utilities... Note the double bottom back in August that signalled the recent runnup... The index is now sitting on the 50 day MA as support... If it stays above that, you could average in... If it breaks below that, look for the 200 day MA for support and possible entry... U.S. Dollar... Short term upswing within the context of long term downtrend... It needs to break above 96 to 97 resistance to probe higher... I'm glad you're expanding your bag of research tools to the TA area... If you become only half as proficient as you are in your Fundamental analysis you'll be one hell of a technician... : > Jim