Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (1662)	1/13/2001 2:58:26 PM
From: Jenna	Read Replies (2) of 6445

Expect a lot of reversals in the next weeks. You will have sell off on good earnings reports during the increasing volatility, but if the report is essentiall good (i.e. ARBA) you should expect increasing upside when that increased volatility and sell off dissipates. INTRADAY CHART OF ARTG marketgems.com Severe downtrends eventually exhaust themselves. Usually it the downtrend is new you can expect 3-4 days of lowers highs and lower lows and probably range expansion breakous of unusually high price ranges. As you can see with this chart of ARTG the downtrend is very strong but exhausts itself by 10:30, the end of the 10:25 to 10:35 reversal period. Following is a sharp uptrend good enough for a beefy trade to the upside. INTRADAY CHART FOR QLTI marketgems.com This chart also shows the exhaustion of the gap up and breakaway move to the upside. Strong moves like this after earnings usually DO NOT CONTINUE UNCHECKED. As you can see the short set up here on QLTI following its earnings report was good for a beefy trade. INTRADAY CHART FOR EMLX marketgems.com Another thing you should do is put up a 3 day 5 or 15-minute chart scoping out the up or downtrend that will most likely continue a number of days prior to the earnings report. If the downtrend is new, you can expect up to 3 days before it dissipates at the advent of the 10:25 to 10:35 reversal period. INTRADAY CHART OF ZIGO marketgems.com Here you can see an interesting phenomenon as well. The pre-earnings anticipatory upswing for a number of days, (there was a good report here) the sell off just the day after the earnings report, and than initial gap down but finally the sellers and profit takers were shaken out and ZIGO began to soar. (again we might expect a nice move like this in ARBA)

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