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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 (1374)	1/10/2001 9:52:03 PM
From: Jenna	Read Replies (1) \| Respond to of 6445

The Nasdaq Futures Contract.. Closed to at 2441.. ending 3 days of higher highs and taking out a symmetrical triangle to the upside. Also significant is the closing above the high of January 2nd the day before the rally. We have a short term buy signal that might last a few days hopefully. That is why we began to hold for a possible swing trade.. The only problem would be too much euphoria would give us a bigger rally that would then totter the entire potential for any longer term continuation of the uptrend. Giant moves to the upside, although we favor them in the long run actually do more harm than good because they lead into giant sell offs. Hopefully we can stay with modest rallies that last rather than gigantic rallies that fizzle.