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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: bobby is sleepless in seattle who wrote (100015)	5/31/2000 2:26:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

nice post.. we are in a trend in the leading sectors (energy) but in a range in the technology sector, which is why we don't BUY the dips and keep them, just buy the breakouts and take profits at the top of the range. It can be 2 or 3 days but usually no more than 3. I didn't reenter CIEN long today but it was an easy range trading stock today. SNDK is another one that is in a 3 day upswing but not yet an established uptrend. So far what you have is like I posted before little bearish flags, pennants, in the midst of a longer downtrend. We go long at the beginning of the flag formation sell at the continuation of the longer term downtrend. I keep back a few hundred just in case we do have a longer term reveral but so far, I have not held one tech stock more than 7-8 sessions, but the stocks already in a 'trend' I have held for 6-8 weeks with very few exits.