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 (115392)	10/18/2000 11:46:34 AM
From: Jenna	Read Replies (1) of 120523

Expect uptrends to reverse enough for a 'sell trigger' or sell incrementally: when a) the stock hits a ceiling of resistance at its 200 period moving average, breaks out and turns back down through it b) add the elements of a doldrum period and you have new shorting opportunities.. especially in stocks that are just along for the ride and have nothing to justify any rise (i.e. stocks in strong downtrends, that are going to reverse in this rally) That is why those that buy at HOD's are getting stopped out at this crucial area. c) suspicious looking spike highs that leave long tail on top. This is first sign of selling even though there has not been a bearish bar reversal yet. This is more than likely a bullish reversal flag but it could cost about 3 or 4 points or more.

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