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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (139)	12/28/2000 10:01:31 AM
From: Jenna	Respond to of 6445

Stock # 2 triggered a short play exactly on cue after an exhaustion move up. After a double top breakout on Wednesday, #2 is looking overbought. Look for a short below 73 to its pivot point of 69 and perhaps 63 5/16 the second level of support. Tomorrow after the close #2splits. Of course as #2 is initially a momentum stock if Nasdaq does move to 2600 it more than likely will take #2 over the top if only until the close of the session. I would consider a long play on #2 if it takes out the 9:50 to 10:00 high. Look for a daytrade as it will be volatile on Friday following the split.