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: Jerry Olson who wrote (8823)	4/30/1998 9:27:00 PM
From: LastShadow	Read Replies (3) of 120523

Watch List 5/1: SYMBOL CLOSE CHANGE CHANGE % ADVH 14.250 0.125 0.88% ANDW 22.875 0.375 1.67% BOST 4.281 0.281 7.03% FEET 22.000 0.375 1.73% FORE 22.875 1.250 5.78% FTPS 3.094 0.125 4.21% MTIC 15.937 0.687 4.51% PWAV 18.875 0.187 1.00% Long/Bullish List: SYMBOL CLOSE CHANGE CHANGE % AKLM 7.625 0.687 9.91% CPU 18.562 0.750 4.21% CUBE 24.187 0.187 0.78% EGRP 24.937 0.812 3.37% INTU 53.187 0.687 1.31% NOVL 10.000 0.219 2.24% PNF 5.000 0.062 1.27% RAYS 9.562 0.187 2.00% RMBS 44.937 1.937 4.51% S 59.312 1.500 2.59% SBUX 48.125 1.625 3.49% SFA 23.875 0.187 0.79% I don't like what I'm seeing in the trading action. As I went through the charts tonight, there were a few gapping stocks that never beat their recent highs. the thought 'exhaustion gap' kept creeping up. I expect the market to be up tomorrow, but right now I am pretty bearish on Monday. There were a lot of up stocks today, but nothing really interesting. The stocks aren't making progress. Most are correcting horizontally. The highs aren't significant, and the ones that drop are not that severe. There was an almost unnatural balance in the numbers tonight. The net isn't telling me anything, but maybe I am just looking for something that isn't there. A horizontal correction is a good thing, at least its better than a tanking. lastshadow

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