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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (62619)	9/22/1999 4:13:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

Susan, you have to look at the 5 minute chart of MMXI.. the ADX closed at the high of the day (58.37) ..After that look at the 5 minute chart of ADAP (closed at 87% of day high), there the -DI cross the +DI and the ADX is at 32.87. But if you look at the RSI of MMXI went from 85 to 69 (a bearish signal) yet the RSI of ADAP although it did slope down ended the day at 56. Of course here is where you need the long term chart and figuring where these 2 stocks are in relation to their 10, 20, 50 and 100 day Moving averages.. I also would give them an LSQ's test to see if they strayed too far from their LSQ line.. If so they are overbought. So in the test ADAP's chart looked superior for short term technical up movement than MMXI which looks like it's exploded already. On yesterday's chart GOTO was still 80% of the day high and the ADX collapsed under 20. Now there is no assurance that MMXI will continue its ascent and I'm out of it now but it's like ADX seem to 'presage' today's fall of GOTO, but it seems to think MMXI has more to go.