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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 (91229)4/2/2000 5:17:00 PM
From: Jenna  Read Replies (1) of 120523
 
The "PWAV" dance in the next 2-5 sessions. Daytrading versus Swing/Position Trading.. During the next volatile sessions the most prudent players will leave the arena once they have their profit. I would also stay out of stocks with negative earnings. There will be bottlenecks forming on every market rally. Using PWAV as an example just note the frenzy (probably still sellers) trying to back out of PWAV.. Use this opportunity to get in PWAV perhaps at the end of the selling for a good intraday trade (possibly 10 points and more).

At every relief rally there will be sellers looking to cut losses versus traders looking to take profits and get onto a new trade. I would advise all traders to cut back on 'recommendations' and stock prognostications. Unless you can back your recommendations with some sort of DD, whether technical or fundamental, preferrably both, any recommendations should be tempered or at least met with a hesitancy and then proper evaluation. That goes for short positions as well.
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