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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (5495)2/28/2001 11:54:39 AM
From: Jenna  Read Replies (1) of 6445
 
The double bottoms I mentioned last night have all triggered CHKP, CMVT, IWOV, NUAN, NTIQ(that already had a double bottom so today was a bear rally in the morning, NTIQ is now in a mat hold which is a four bar candlestick pattern on the 5 minute chart that is bearish.. as I type its turning into a bearish range engulfing.. we have continuing shorts in CCMP and DPMI. Again the shorts are powering.. We did have a number of biotechs trigger this morning as the biotech holders were at the day high for the first reversal period. MEDX and MLNM were called long at that time and I still think that as long as they both stay above the 20 period moving averages on the 5 minute chart, they will be among the first to continue to rally after the doldrums.

Its imperative in these trying times, that you keep an eye out for those that buck the trend, we had EDSN and ESCM today as well, not soaring but nice. Remember traders, that when we rally and we more then likely will rally at least one more time today, its the stocks with te morning STRENGTH that will be the strongest. Stay cool with level heads, because one way or another, we are overcoming as we always do.
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