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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: Jenna who wrote (3840)2/5/2001 7:55:29 PM
From: Jenna  Read Replies (1) of 6445
 
QLGC an important bellwhether coming close to a double bottom break also marketgems.com If QLGC hits the trigger it might move down quite a bit. I don't really expect QLGC to move to 64 but its possible. Keep a careful watch on the QLGC chart tomorrow. Of course if there is a morning gap down say and QLGC opens at 75, it doesn't mean its an automatic short, it means that you should give it the 20 to 30 minutes to reverse back to the upside by 9:50 to 10:00 and if QLGC manages to take out the high by 9:50 to 9:55 it might still trigger long even if its around the 75 or lower area.

At this juncture I expect QLGC to recover but since it dropped off support at 80 7/8 it needs to find its way back. Look for a buy 78 3/16 and than back to 80 7/8
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