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 (118673)	12/11/2000 12:38:55 PM
From: hjz	Read Replies (1) of 120523

Jenna, I was with you on the reversal from a short market to a long market. Nov. 30th was the capitulation day where the market was down strongly then reversed itself upward until the close on very high volume. That was a very good sign that the market had reached a short term bottom. Then with the moves of Tuesday and Friday, it only added to this move upward. The big cap Techs have recovered <except for SUNW which has internal problems > then the more speculative stocks started to move, then the biotechs and now finally the IPO's from the summer and fall. So, the rally has been confirmed and I think it is a good idea for traders to check their charts for some exit points because the market can't go up in a straight line. HJ

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