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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 (3913)3/21/1999 10:50:00 PM
From: James Strauss  Respond to of 13094
 
This Could Be A Tough Market Week...

Here is something I posted elsewhere:

The Market...
******************

The Dow is forming a mini Head & Shoulders pattern with the right
shoulder in the 9750 area... That's where I think we'll see the Dow
test the waters before re-testing the 10,000 area...
decisionpoint.com

If the 9750 area fails, the next test will be 9600...

The McClellan Oscillator is heading south...
decisionpoint.com

If this continues, it will reverse the current uptrend in the
McClellan Summation Index...
decisionpoint.com

If that slower index turns down, so will the overall market...

New Lows are expanding...
decisionpoint.com

The longer New Lows continue above the 40 level, the
greater the chance for a market breakdown...

**********************************************************************

So bottom line, The Dow will test 9750... If that fails, it will
test 9600... A successful test of these areas will bring in
another market up leg to the 10,500 to 11,000 area... A
failure would take the Dow down to 9250...

Jim



To: James Strauss who wrote (3913)3/22/1999 12:35:00 PM
From: James Strauss  Respond to of 13094
 
Market Breadth continues weak...
quote.yahoo.com

Look for a Dow 9750 test...

Jim