Strong Industry Groups - Strong Stocks Message Board

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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject	4/6/2001 12:46:00 AM
From: Sam Raven	of 1567

The market internals improved dramatically, but we really need to see how it reacts to selling before saying we have likely seen the bottom. The ideal pattern is to see a few days up, followed by that critical selling at lower volume and with fewer stocks participating. Then another explosive rally similar to yesterday. The screened stocks ratio showed the volume moved into the rising stocks at 13 to 3 favoring buying. There were a lot of tech stocks that moved up off bottoms, I've put a few on the watchlist but most have charts that need a lot of damage repair before they would look safe. Oil well service equipment was the strongest single group. I think the watchist has a good mix and there should be several good trades, even if we see some backing and filling. Longs: AAS, ADIS, AXE, CGNX, CNX, JHF, LOW, MNMD, PDS and PLCE. Good Trading!! Sam savvy-trader.com

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