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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 (118757)	12/12/2000 1:21:04 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

MCDT on course for continuing short..TIBX as well, INRS is not really worth the trouble yet, too strong many other stocks are in a precarious position of being short term overbought.. yet long and intermediate term oversold.. and not only that but with overbought stochastics on one hand and a predominant downtrend on the intermediate and long term chart, you are seeing classic short play set ups.. Add the many downgrades, earnings warnings and we have a "short" day today. That doesn't mean we can't rally from 1:45, it just means that up till now we had downward pressure some good short plays and 'weak stocks' that are overbought are fair prey to shorting vultures, of which I am one. Message 14998827