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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject12/19/2000 1:52:21 AM
From: Sam Raven   of 1567
 
The market internals were mixed as techs continued to sell down. The screened stock ratio improved at 11 to 10 favoring buying. Today was a day the volume was almost as big leaving the declining stocks as it was coming in the rising stocks. Banks, communication equipment, energy and healthcare stocks were the strongest. I would sell anything you don't have a buffer above your buy price prior to the FOMC statement, we tend to get wild swings in both directions. I'm looking for just a move to a neutral bias, but, I still look for an up trend to carry us into the new year. But most of the techs may be standing on the sidelines watching the New Year's ball.

Longs: BOW, CAT, CI, CPRT, KEY, HUM, ITT, OCA, PLT and SIAL.

Good Trading!!

Sam
savvy-trader.com
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