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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject	1/16/2001 12:50:22 AM
From: Sam Raven	Read Replies (1) of 1567

Biotechs dominated the screening again on Friday, software and communication were still strong and the retail sector was the fastest rising group. The market internals turned down slightly, but the volume slowed as well. The screened stock ratio was was mixed as it continued to deteriorate at 11 to 10 favoring selling. It seemed like most of the charts turned down by the close Friday as traders seem to position themselves for the long weekend. I didn't see any news that would dramatically effect the open Tuesday, however, I expect we'll still be getting a few market moving earnings warnings as well as reports. Longs to watch: ADSK, AEIS, ASD, BFV, DOV, OPWV, RSH, SCI, SUN and WCG. Good Trading!! Sam savvy-trader.com

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