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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 (370)	1/2/2001 2:58:37 PM
From: Jenna	Respond to of 6445

NTIQ and BRCD called short already on Friday's Watch List together with CHKP (also WEBM and ONIS) marketgems.com Just a matter of waiting for pivot points to trigger and off to the avalanche. marketgems.com CHKP looked overbought already on Friday..today's downgrade was just the push it needed to a stock already losing support on Friday. 8> BRCD Brocade Communications 95 15/32 Look for a move to 94 3/8 as a short trigger with first support at 90 9/16 and second support at 85 7/8. We are basically looking for a longer term short play on BRCD. An earnings pre warning might be expected. BRCD has a P/E ratio of 341. 9> NTIQ Netiq Corporation Price 96 3/86> CHKP CHeck Point software Technologies Ltd. 140 1/16 CHKP is overbought and in a weak downward trend. MACD is bearish and Relative Strength is bearish as well. CHKP might move up on an exhaustion gap look for a reversal at 142. If CHKP moves down at the open than 138 1/2 is the next pivot point for the move to 134 3/4 which is the first level of support and than 129 3/8 second level of support.