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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 (117353)	11/27/2000 12:14:41 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

Update.. NQ's 5 minute chart have now completely filled the gap up and crossed its 20 period moving average at 2853 to the downside. However, in the last few bars, Stochastics have moved up a bit indicating we are not done with the upside just yet and the NQ's are not ready to bow out completely although the low is 2676 and we are trading 2840 NQ's 15 minute chart is worse, much worse, however. The stochastics are powering down from overbought situation all te way from the high 80's to 25 at thsi time. RSI also moved down from overbought. The NQ's are riding the 20 period moving average (2842) in a consolidation. All bars are bearish from the morning gap up. SP00Z (S&P 500 future contracts) are better but still only consolidating with a group of bars that are in a trading range at this point However, the SP00Z are trading above the 20 period moving avreage and the stochastics and RSI are both strong.