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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 (1696)	1/14/2001 9:02:18 PM
From: Jenna	Read Replies (1) \| Respond to of 6445

NEWP, TWAV Shorting opportunities this week: marketgems.com marketgems.com after pullbacks to falling moving average within an established downtrend. NEWP weakened on Friday after bouncing off the 50 day moving average and closing below. We might have more set ups like this one through the next two weeks. There could be a consolidation of any gains when the reports start to trickle in from INTC, LLTC, AMD, RFMD, NVLS etc. I would be expecting some earnings plays that test overhead resistance on "Anticipatory Upswing" pending their earnings report to pull back in sell offs after the report. Its this move up that causes a short term overbought situation which will likely reverse itself with the earnings news. Many techs did not actually take out the resistance levels just bumped up against them and could easily pull back on any weak earnings reports.