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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: 2MAR$ who wrote (119908)	12/21/2000 10:24:18 AM
From: Jenna	Respond to of 120523

marketgems.com MUSE followed the blueprint this morning but I like it for potential recovery. 4> MUSE Micromuse Price = 50.56 Sitting right at the pivot point on the daily chart which is 50 1/2. Could move up from here to 54.35 the 20 day moving average and bounce to 58, the resistance level. Notice how on the 10 minute chart MUSE has made a similar attempt on Wednesday to take out the 20 period moving average. The attempts MUSE made to rally on Wednesday could bode well for Thursday. But as usual we have to see that it downd reverse, because if MUSE moves lower than 50 1/2 it could trigger drop to 43 the 52 week low. Wait for the 9:50 to 10:10 reversal period and by 10:00 it should take out the high established in the first 30 minutes for a long.