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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: Jenna who wrote (82902)	2/15/2000 2:55:00 AM
From: Jenna	Respond to of 120523

GLGC.. marketgems.com Coming into buying range? Look for 65-66 and a bounce off the support trendline. Basically GLGC is solidly in a long term uptrend with a short term pullback. As long as it doesn't penetrate the lower trendline and drop below support, it will recover. I would treat GLGC the same as you would AMCC, XLNX and other hi-flying, strong performers. Check their least square deviation ranges, which are pretty tight (compare with AOL, CPQ, two dogs) and wait for a pop above the lower trendline on the daily chart, which could also be loosely translated into the base point (20 day moving average) of the Bollinger Bands formation..but for hi flyers in 5-7 day pullbacks, I prefer the tighter LSQ range. Stochastics which were exploding are now stabilizing and are no longer overbought but moving into a comfortable 53 range.