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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: Scrumpy who wrote (90811)	3/30/2000 2:29:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 120523

Heavy selling right here on all indexs...SPX at the lows 1495.00....

To: Scrumpy who wrote (90811)	3/30/2000 2:33:00 PM
From: Jenna	Respond to of 120523

I'm watching ADI, a hard stock to nab moving nicely down and ready to pounce on for 25 points but its too soon. I did mention that the chart formed a V-Cup and Handle but it did not hit 86 1/2 which was my buy signal. Remember though gang, even buy signals are not immutable. In the background of a negative nasdaq I would wait for more signs than just a buy trigger from the stock itself to get in. Unless the signal if for a reason like an upgrade, earnings report or deal, stocks can move DOWN from buy signals especially if they are after the first 1/2 hour of trading when the euphoria of the stocks turns to downtrend as the downward magnetic force of the nasdaq takes over.