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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 (118409)	12/7/2000 11:12:21 AM
From: jjetstream	Respond to of 120523

ANEN...??

To: Jenna who wrote (118409)	12/7/2000 11:22:54 AM
From: TraderXx	Respond to of 120523

ADBE filled the gap down.....looks like a short here

To: Jenna who wrote (118409)	12/7/2000 11:57:45 AM
From: Jenna	Read Replies (2) \| Respond to of 120523

Technical Reason nasdaq struggling marketgems.com NQ's have not be able to break out of the ascending triangle to the upside of the 5-minute chart. Resistance there is the 200 period moving average. When Naz was down only 8, the NQ's hit a wall of resistance as it tried to test that MA at the 200 period moving average and was knocked down with those two bearish bars and now they are also having trouble keeping above the support level of the 20 period moving average. Should that be taken out to the downside, we might have a replay of yesterday's move at 1:50 to 1:55 when the bottom dropped out of the nasdaq as the nq's broke their DESCENDING triangle to the downside. Now we are in a little better shape but not by much unless there is a clear trend reversal. Where you see the window of the directional movement indicator we also can clearly see a convergence of the 3 indicators (ADX,-DX and +DX) indicating no real clear trend (when nas was down 8)... but soon after the breakdown of the ascending triangle and the consequent failure to test resistance of the 200 period moving average, there was a crossover of the -dX over the +DX, indicating the trend was clearer to the downside. If the ADX starts to rise and the spread between the -DX and +DX widens, we will be in trouble..

To: Jenna who wrote (118409)	12/7/2000 12:15:46 PM
From: 2MAR$	Respond to of 120523

Microsoft-2: Co. Says It Hasn't Changed Dec Qtr Guidance Although a prominent analyst cut his estimates, a Microsoft spokeswoman said the world's largest software company has not changed its guidance for the December quarter since its October teleconference. At the time, Chief Financial Officer John Connors said he expected December quarter revenue would rise 17% sequentially to $6.8 billion and earnings would be about 49 cents a share. The Microsoft official noted that Goldman Sachs' Sherlund lowered his December revenue estimate based "on what he is seeing in the consumer PC space," adding that "for Microsoft while consumer PC demand is important, Microsoft's business is much more heavily tilted toward business computing." Although he acknowledged that healthy corporate sales could soften the blow, Sherlund cited the "preponderance of evidence of sluggish retail PC demand" in lowering his December revenue estimate by $125 million to a range of $6.775 billion to $6.8 billion. He also trimmed his forecasts for the second half of Microsoft's fiscal year, which he had previously expected to be strong quarters as its Windows 2000 caught on in the marketplace. He said Windows 2000 adoption continues to gain traction and is bolstering corporate demand, "but perhaps not sufficent to offset a weaker consumer sector." Sherlund stressed in his research note that "we view our estimate reductions as directionally consistent with industry data but lack real precision at this stage." His commentary sparked heavy trading in Microsoft - making it one of the most active issues in Thursday's session. After slipping 5% Wednesday, Microsoft was recently down 6%, or 3.69, to $53 on midday volume of 36 million shares. Average daily volume is 47 million shares. -By Marcelo Prince, Dow Jones Newswires; 201-938-5244; marcelo.prince@dowjones.com (END) DOW JONES NEWS 12-07-00 12:12 PM