NEW Market Gems - Swing and Day Trades Message Board

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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades

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To: sailsheets who wrote (300)	5/29/2001 2:05:57 PM
From: Jenna	Read Replies (2) of 1227

HOMS ERTS also. Watched HOMS break below 30.27 and look for more downside here. The daily chart for HOMS is looking right now like a dragonfly doji suggestive of more downside. Next support is 28.80 ERTS was a Friday short play that might be halted at 58.38 the rising 20 day moving average. ERTS was overbought on Friday's chart and is setting up to a more comfortable entry after a pullback. IF ERTS doesn't halt at 58.38, downside might continue to 56, the rising 50 day moving average. Selling pressure might increase though simply because other companies will probably face earnings problems this week and drag down ERTS>

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