Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: AlienTech who wrote (3514)	10/23/1997 9:14:00 PM
From: LastShadow	Read Replies (1) of 120523

A different kind of watch list: 10/24 I ended up with a little more time on my hands than I had planned tonight, so I decided to look beyond my normal analysis - especially since this was a differnt kind of trading day. What I found surprised me. Of the 50 stocks in my primary watch list (the one that gets all the analysis - since I'm leaving town I didn't run the other 250), only four were up. MTIC being the big winner. However, when I exported all the data to the spreadsheet to run the REI, a very peculiar pattern showed up. All but 2 of the 50 stocks were above their low for the day ( the other two closed at the low, obviously). That meant almost EVERYTHING rose after hitting some sort of bottom - usually 20% are at the day's low. So 96% of what I watch closed up from the day's low. This is a very good sign for tomorrow. I started playing with the intraday o/h/l/c numbers and decided to post the following as my watch list: MTIC........16.562 INDV..........5.062 UCMP.......10.750 TXB............6.062 MSPG.........28.75 Each of the above had more than a 6% climb from the day's low (top two were over 9%), AND a drop of less than 3% from the day's high. In other words, they moved up the most after hitting the shallowest bottom. Perhaps that means they are good candidates for continued strength tomorrow, at least to the previous day's high (Wednesday's, that is). Perhaps it means I had too much extra time on my hands... the following closed closest to their intraday high (less than 1% drop), although I am not seeing anything significant in any of the other analyses on these: CXIM closed at the intraday high of 6.375 CU...........29.875 SFA........19.625 BGEN.....33.75 AAM......12.937 SGI........15.937 Trade well gang, and have a safe weekend. lastshadow

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