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: Jenna who wrote (15664)	9/28/1998 12:39:00 PM
From: Jenna	Read Replies (3) of 120523

e-mail: RXSD..NEM...SBUX, RNWK I expected RXSD to behave this way.. technical analysis is not enough to predict a stocks activity. RXSD has problems beyong just support and resistance lines. exchange2000.com NEM.. bullish on this one, was glad to see it up today. I'm not currently in NEM. SBUX..RNWK both on the watch list but SBUX I almost deleted from the watch lists. All indications were of a trend reversal last night but then I saw the stochastic was OVERBOUGHT.. This time I ignored it. Deciding the chart was improving, especially with both the 10 and 20 day moving average bullish. Another example where OVERBOUGHT does not mean sell or even leave it off your watch list. RNWK.. MACD was bullish yesterday..but here again the stochastics were overbought.. I ignored that again, thinking that with all the articles I read on RNWK over the weekend, this stock's movement transcends stochastic readings.

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