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Strategies & Market Trends : 1-DAY-TRADERS on MOMENTUM - Short & Long Stock picks
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To: 1-DAY-TRADER who wrote (9)8/10/1998 5:54:00 AM
From: VTO  Read Replies (1) of 537
 
QLGC is too tough to call. It may bounce sideways for a few weeks before heading higher. While it is short-term overbought, its strong earnings will likely prevent the stock from falling back down into the 40s.

FAXX, while down 47% from its high two weeks ago, is still technically sound. It's been making higher highs since 10/97. FAXX will probably bounce back to 5 3/8 in a about a week.

ESPRY is much like FAXX, although the bounce from here will not be that strong. I see it moving sideways to slightly higher over the next couple of weeks.
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