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: Ed Forrest who wrote (5578)	2/25/1998 10:45:00 PM
From: LastShadow	Read Replies (4) of 120523

Watch List 2/26: SYMBOL CLOSE CHANGE CHANGE % AMD 21.750 1.062 5.14% BBBY 43.500 1.187 2.81% COMS 35.125 2.500 7.66% CPU 34.125 0.625 1.87% CUBE 21.312 0.625 3.02% FEET 16.500 0.625 3.94% FTPS 1.688 0.00 0.00% GT 68.875 0.375 0.55% INDV 5.375 0.594 12.42% IPIC 8.187 0.437 5.65% KMET 21.500 1.125 5.52% NT 50.875 1.625 3.30% PFP 13.125 0.250 1.94% PQT 0.750 -0.063 (7.75%) SPYG 7.750 0.625 8.77% SYBS 10.000 -0.063 (0.63%) TXN 61.250 3.875 6.75% ZITL 14.000 -0.437 (3.03%) Bullish list: AMMB 32.812 1.187 3.75% BOST 7.250 -0.562 (7.20%) DIMD 13.875 0.937 7.25% ZOOM 8.500 0.312 3.82% NOBE 55.875 -2.062 (3.56%) NOVL 8.969 0.250 2.87% PNF 4.000 0.00 0.00% THDO 3.594 0.437 13.86% Expect the stocks which climbed over 8% today to correct slightly in the morning if the market doesn't open strong. PNF looks to have bottomed, so the question now is what the signal point is - I am going with a close above 4. Last year I entered at three, sold at 9, rebought at 7 an sold at 11+. This one goes through nice swings. BONG - WDC may make one more wave ($1.50 more maybe) if it starts tomorrow, but would expect it to peak by Friday close. I don't see any strength in it beyond that. Market had a nice day, I had a miserable one. Thats the problem with being contrarian instad of just exiting completely - one risks losses in intermediate upturns. S&P attained crossover today, and it didn't actually do that last October. Period of index leveling is longer than expected, so 30 day indicators may be leading on the long side. Market is real overbought right now. The watch list above screened out stocks not over both the 20 and 50 day MA, as the initial list was twice as long. I don't usually use MA's, but during leveling or horizontal corrections they can be useful for screening potential postion/swing trades. The net isnt well suited for leveling, as it needs directional predisposition. So, I am now doing detailed analysis on 125 tickers nightly, and its taking a little longer. General Market Forcast is still bleak. All indexes were up between 0.3 and 1.5%, as were the six mutuals. This isn't encouraging. The indexes/mutuals are too varied for them to be all up or down in unison. I'm out of town tomorrow, so I won't get/respond to email until late. lastshadow

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