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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: Jerry Olson who wrote (95801)5/3/2000 11:12:00 AM
From: Jerry Olson  Respond to of 120523
 
nope..no bounce yet..still heading lower on the futures...

keep you eyeballs open for CMGI..it has some strength here..if your thinking a long scalp...

but sit tight..do not force any trades today...



To: Jerry Olson who wrote (95801)5/3/2000 11:16:00 AM
From: hjz  Read Replies (1) | Respond to of 120523
 
Jer, We are right back where we started last Thursday in the 3600 range. It is clear now that those traders that bought then were just momentum and short term players so here is the key support level as I see it.

The shorts have been buying back in stages so therefore the short cover bounce may not be as strong. I don't think many shorts will hold through the job report Friday so look for a bounce before then. Right now I am just following the strong stocks ( check my posts today for them ) and until I see them weaken again, I will hold unless we break 3650-3600 level.

HJ