Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (73320)	11/26/1999 11:06:00 AM
From: Jenna	Read Replies (1) of 120523

Long FFIV 126 5/8 out most position at 132, still holding a few hundred too expensive when there are so many cheap stocks around. 132 and 7/16 would be good support on the 10 minute chart. For those wanting to hold longer term 140 would be a bounce off the 20 day (day not period) moving average. You don't have to wait that much to get in but that price would be a significant bounce back and better chance for retracing to earlier highs. If it makes 140 the next resistance is a double top breakout at 157-157 3/4. At this point the entire trend is questionable as the -DX is moving up to cross the +DX and the ADX is falling. If this continues it might be a good strategy to close rest of long position and go short BEFORE FFIV goes into negative territory. At this point it could go either way.

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