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 (95805)	5/3/2000 11:37:00 AM
From: Jenna	Read Replies (1) of 120523

Nasdaq is weak as it drops below 3600 below its 10 and 20 day moving average. add to that a drop BELOW the down trendline. I would not be a 'position trader'.. here its a 1-2 day swing trade at most. Always hedge with a few shorts while looking for longs that buck the trend. Not always easy but one or two trades a day and/or 1 or 2 short should be enough. You don't have to trade these markets unless you get good signals.. You don't jump in with the nasdaq at these lows because 'you just have to get a bargain'.. Tomorrow someone else will get a better bargain - your stock at 8% discount or more.

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