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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 (89744)3/22/2000 2:55:00 PM
From: Jenna  Read Replies (4) | Respond to of 120523
 
SEBL marketgems.com is a classic beauty today after being down over 8 points yesterday. This is probably the best chart configuration you can hope for. The best strategy would be a bounce back into the trading range after a short dip and yesterday's doji was just what the doctor ordered. The breakdown from the tight Standard Deviation trading channel. This can only be appreciated with strong stocks with relatively short corrections in tight trading ranges up to 4 or 5 months or longer. That one I decided to take on the dip and now its up 9 13/32. 144 would be a 20 period moving average breakout but who cares, I love SEBL and it was a chance to grab a winner when it dipped. On Balance volume here too is exploding and has a bullish divergence.

The Last 3 candlesticks formed a Morning Star pattern consisting of a long black real body followed by a lower doji, and a third white candlestick which extends well into the first session's black real body. I entered at the doji which was a probable reversal. This was the sign of a major bottom reversal but we entered before this confirmation was completed.. Now change of trend and continuation of uptrend is substantiated.

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