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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 (118161)	12/5/2000 10:57:01 AM
From: Jenna	Respond to of 120523

MG PIVOT points: INFA: marketgems.com (11/30 WL) NUFO..http://www.marketgems.com/NUFO_pivot.gif JNIC pivot: marketgems.com AETH marketgems.com (12/1 WL and reiterated a few times)

To: Jenna who wrote (118161)	12/5/2000 10:58:30 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

Where and when do you enter these high flyers? In the next few weeks, until stocks have regained strength and moved above key moving averages and support/resistance lines, we will be using Fibonacci Retracement for pivot points for watch lists and for earnings plays PIVOT POINTS: We locate with Fibonacci retracements from the previous days price or any point on an intraday or daily chart. It is calculated from the range of prices and the areas of support and resistance. We use 38% 50% and 62%.. applying these percentages to trending price predicts the extent of retracement contrary to the underlying trends, these are hidden support or resistance where prices will hesitate and reverse. The trendlines have to be drawn first between two extreme points a trough (a spike high for instance) and spike low or a trough.. For more information. see Fibonacci Applications and Strategies for Traders by Fischer. I like to use them when markets are trading far below key moving averages especially the 200 day.