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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 (1536)	1/11/2001 9:46:25 PM
From: Jenna	Respond to of 6445

Double Tops & Double Bottoms: In the LWIN chart you can see a possible scenario of failure to take out the double top and LWIN trading 65% above its 10 day moving average could be setting up for a fall. bigcharts.com In this chart of EPNY you can see to failures to retest the peak of the former first left side of the double top and EPNY fell from that point. This happened already twice in the last few months. We might expect some of these fast moving short-term overbought stocks to start to to give back some ground again. We just wait to see a reversal bar, and we can usually catch the beginning of the move to the downside. This happens with stocks like these that have 4-5 days of sharp moves to the downside and than 4-5 days sharp moves to the upside. bigcharts.com

To: Jenna who wrote (1536)	1/11/2001 10:10:27 PM
From: Jenna	Respond to of 6445

Double Tops In the LWIN chart although LWIN failed to take out the peak of the double top it still moved up but LWIN is now 65% above its 10 day moving average and could be due for a correction. marketgems.com In this chart of EPNY you can see to failures to retest the peak of the former first left side of the double top and EPNY fell from that point. This happened already twice in the last few months. We might expect some of these fast moving short-term overbought stocks to start to to give back some ground again. We just wait to see a reversal bar, and we can usually catch the beginning of the move to the downside. This happens with stocks like these that have 4-5 days of sharp moves to the downside and than 4-5 days sharp moves to the upside. marketgems.com

To: Jenna who wrote (1536)	1/11/2001 10:10:52 PM
From: Jenna	Read Replies (2) \| Respond to of 6445

Double Tops In the LWIN chart although LWIN failed to take out the peak of the double top it still moved up but LWIN is now 65% above its 10 day moving average and could be due for a correction. marketgems.com In this chart of EPNY you can see to failures to retest the peak of the former first left side of the double top and EPNY fell from that point. This happened already twice in the last few months. We might expect some of these fast moving short-term overbought stocks to start to to give back some ground again. We just wait to see a reversal bar, and we can usually catch the beginning of the move to the downside. This happens with stocks like these that have 4-5 days of sharp moves to the downside and than 4-5 days sharp moves to the upside. marketgems.com