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: 2MAR$ who wrote (115762)	10/29/2000 3:25:49 PM
From: Jenna	Read Replies (3) of 120523

marketgems.com The nasdaq composite is not impressive. For days its been congesting and that move to 3,500 was nice but dropped back again to below support at 3,100. The accumulation/distribution and overbought/oversold indicators (i.e. Stochastic) are showing that there is weakness in the nasdaq and it could likely take out the 3,100 support (investor sentiment will go haywire if it does)... Hopefully it could take out 3,500, but in that area between 3,100 and 3,400 looks like a 'shorting zone' where we can more than likely short any rallies.

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