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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject1/10/2002 12:36:52 AM
From: Sam Raven  Read Replies (1) of 1567
 
Market internals improved Tuesday, even after the late day selling. The screened stock ratio continues to weaken, though remains positive at +3.19 favoring buying, the estimate of market risk remains moderate. 
 
Strong groups remain; computer services, gaming, homebuilders, software, restaurants, semiconductors and select retail.

Several of the watchlist stocks are close to the bottom of their support, so while looking risky, they should provide a good reward if the position holds. Look at the recent low and keep a stop approximately 20 cent below.

CPS, DVA, MIK, MYL and NDN.

Good Trading!!

Sam
savvy-trader.com
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