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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 (118514)	12/8/2000 12:34:05 PM
From: Jenna	Respond to of 120523

10> CFLO - CACHEFLOW, INC Price 58 15/16 (takes out 65 resistance on the daily chart) CFLO, like NUAN, has been cut to shreds. Now at 59 its had a bullish breakaway gap. It held on to strength much of the Wednesday's session but it might not hold on Thursday if there is another sell off in the Nasdaq. Relative Strength for the year is very week at 22 (compare to TLGD at 98 or even TLAB at 70) its close to its pivot point at 58 1/8 and if it drops it could move as low as 50 or more. Its next resistance is pretty far at 65, so in the event there is a gap down or up I would buy at the high established in the first 30 minutes. Sell short if it gaps down at the low established by 9:50 or 10:00.