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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject4/17/2001 1:07:10 AM
From: Sam Raven   of 1567
 
After watching the post market trading today, it looks like we may have to duck back into our fox holes at the open tomorrow. If the market has much of a future this week, look for the selling to be contained to the technology stocks or even a bounce in techs. This will be a great test of the markets resilience to bad news.....and I'm sure there is plenty more coming down over the next couple weeks. The market internals were once again mixed to slightly improved on low volume. The volume had an extreme influence on the screened stock ratio since neither side showed much direction at 2.8 to 1.4 favoring selling. Tuesday should likely be a "lite" mode day until we see how the dust clears.

Semiconductors didn't do much Monday and for the most part I would avoid the tech stocks. The energy group continues to perform well, but has been losing ground in the screening. Note that we have positions in APCC, HSIC and VSH on the watchlist today.

Long: AHG, DISH, HIB, ICCI, PLUG, SEI, TECH, UDS, UNM and UNP.

Good Trading!!

Sam
savvy-trader.com
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