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: kha vu who wrote (109248)	7/23/2000 5:07:52 PM
From: Jenna	Read Replies (2) of 120523

Kha, two things you will be noticing in the next week or two of trading 1) Lots of strong stock are showing Cup & Handle Chart patterns because of the drop in March/April (left side of the cup) the consolidation, (rounding) and the right side of the cup (recovery of last week in May until second week of July, and then the handle formation which was the last week of trading. If the handle doesn't deteriorate we will be having a lot of recoveries from the strong stocks. 2) Lots of stocks that are moving down for 2-4 consecutive sessions and showing up as 2 to 4 black range expansion candlesticks. When these stocks gap down once again on general market weakness (as opposed to weakness arising from particular news on the stocks), you can buy the VERY bar that rises above the morning gap down (second 15 or 5 minute bar opening above the high of the previous bar). These will most likely be stocks like FDRY, CMTN, CAMP,KLIC and others that will might recover in the first 30 minutes of trading. When the S&P futures and nasdaq futures are down in pre-market is the best time to look out for such recoveries.

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