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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 (96790)	5/9/2000 11:39:00 AM
From: Jenna	Respond to of 120523

KNT is trying hard with the backdrop of down market. MAXY unimpressive volume but it could easily do a "MYGN" dance tomorrow. Unfortunately the biotechs do not show as much 'anticipatory upswing' as other sectors. I guess there is just too much of the unknown involved. just broke to the downside of small ascending triangle. If you look at the MAXY chart you had a very nice reversal signal of a doji on April 28, this reversal was confirmed on the very nice surge of MAXY on May first. After some obvious profit taking, MAXY moved into a short uptrend forming an ascending triangle. I expected it to continue to converge to an apex or even break out but it moved slightly to the downside. MAXY is not making this easy at all.