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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 (118719)12/11/2000 3:37:57 PM
From: Jenna  Read Replies (6) of 120523
 
ELNT right now looks very nice as ELNT holds well above its 20 period moving average..increasing volume and stochastics in strength. ELNT pivot point is 47 1/4 first resistance, seonc resistance is 49 and 54 7/8 is the 62% retracement from the 52 week high. Also would be holding earlier calls of TLGD and NEWP. I would be covering any short positions called earlier. SUNW, JDSU (called short earlier) are strongly downtrending so I might keep that short until the last reversal period is nearly over (around 3:45 to 3:50)...
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