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

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To: Jenna who wrote (929)	6/11/2001 4:38:55 PM
From: Jenna	of 1227

DPMI was the early "trigger" of a bunch of shorts that moved down great (from 9:45) until 2:30 or so, all it takes is another earnings shortfall to do it again. Still favor the short side in technology and treading very cautiously on long side (not tempted to hold long on any 'seeming rally into the close' which is no rally at all) JNPR, DPMI, CIEN, plus the other watch list shorts all powered down as well, and the others should continue to move down (especially DPMI) NVDA and CMVT usually hard shorts had good moves down into the 11:30 doldrums from the get go in the morning and others lasted up to 2:30. Its not the best strategy to hold more than 1/4 of your short position into the doldrums because the stocks are "consolidating"' at this time around the 'bouy or float' that will be the 20 period moving average on the 5 and/or 15 minute chart. What you should do is use NVDA and CMVT as a barometer against the short side. If these trigger short, chances are you will have more shorts that last even longer since these both are considered "downtrend busters" since their earnings plays and did well. As long as NVDA and CMVT are down others will power. During the doldrums most shorts will hug the 20 period moving average. 2:00 usually moves the stocks to a definitive direction ABOVE or BELOW the earlier consolidation (during the doldrums). 2:30 is still another reversal period again by now you should have taken out the 50 period moving average and heading higher (of course if the 2:00 move was a break BELOW the 20 period moving average the 2:30 move can be still lower) 2:30 to 3:00 the weakest stocks might reverse direction (i.e. DPMI, CIEN, JNPR) 3:35 usually REVERSES the 3:00 to 3:30 trend.. Here is when you decide what you are holding and what selling off. Here is where news stocks might surge (i.e. IMCO) marketgems.com marketgems.com marketgems.com

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