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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 (118806)	12/12/2000 2:09:11 PM
From: __HD	Read Replies (2) \| Respond to of 120523

Jenna, MANU seems to be holding the line around 53. What does your TA say about it? It's not a stock I would want to short with earnings next week, but I am looking for an entry point. Thanks. HD

To: Jenna who wrote (118806)	12/12/2000 2:10:04 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

<2:00 to 2:30 reversal period marketgems.com Short term overbought, and continuing shorts here. PDLI joins PDII as short bait. MCDT battered as is MUSE, TIBX, ELNT. NQ's re worsening and now the SP00z are taking up the slack. Intraday support is being taken out of earlier short plays and in some cases like BEAS and MCDT daily chart support levels have been taken out. This is the 2:00 to 2:30 reversal period

To: Jenna who wrote (118806)	12/12/2000 3:16:43 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

BEAS nicely contained within the 68 3/4 area from further drop and moved up from there...Put up a 15 and 5 minute chart and run a 100, 200 and 20 period moving average over the chart. Put up also a daily chart and look at the 68 3/4 support there as well. Support and Resistance areas are really important for days like today. (Overbought/oversold situations like the one today on the QQQ was important as well).. When the QQQ chart was posted this morning at 4:00 a.m., the Stochatics were nearing 100 but they had not yet sloped downwards, but during the early session reversals, the QQQ stochastics had a very obvious sell trigger from overbought., The ADX was suspicious looking as well and did have a bearish divergence on the QQQ chart.. again supported in the resulting activity of the nasdaq today.