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 (119349)	12/18/2000 11:36:08 AM
From: Jenna	Read Replies (1) of 120523

Darn Well great rally good short set ups all around... QLGC couldn't even hold its 200 day moving averge. MYGN reverses well off its morning highs of 92 1/2 marketgems.com marketgems.com If you notice that is what I meant last night when I mentioned a lot of stocks were showing their -dx (negative directional movement indicators) breaking out on the daily charts. In a rally, that doesn't happen. The positive directional movement indicator takes the lead, moves above the negative and than the ADX should move up above 30 and trigger a buy signal. That is NOT what happened so we had a lot of sell short triggers right from the 9:50 reversal period.

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