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: beltfed2 who wrote (118927)	12/13/2000 3:38:44 PM
From: Jenna	Read Replies (2) of 120523

We should anticipate a rally in the 9:50 reversal period tomorrow so I would be holding maybe one or two puts but yes, we are looking for a potential long for tomorrow. We need to stay one step ahead of the crowd and when they are capitulating we go short and when think all is lost we find a few call options or one trade to the long side. Everyone is running now so it might gap in the morning which is why I can bide my time and wait for a morning gap down to recover and go long. But on the other hand.. there could be only an exhaustion gap down in the morning and not that serious. Either way we have to be selective... stop the guessing, throwing out gobs of picks that pull back in 5 minutes and instead map a scenario of what the market can do and watch 10-20 stocks and set resistance/support levels and pivot points. Calling stocks that were up at 9:35 to 9:50 only results in total selloffs. We called no longs except one MRVC and PAYX.. and a try on ORCL, and INTU that didn't fill criteria. TECH and BMET were called (buy stops) we didn't chase, and a long call on AMCC that was it.

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