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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 (1771)	1/16/2001 10:34:25 AM
From: Jenna	Respond to of 6445

QLGC, VTSS and LLTC triggered short in the first reversal period marketgems.com 7> VTSS VItesse Semiconductor price 58.06 VTSS had a double top point & figure breakout on Friday, VTSS took out overhead resistance at 55 7/8 and next resistance is at 61 7/8. If VTSS drops below 55 7/8 it will be a short. Next support level is 57 and than 53 7/8 and than 50. Earnings report coming out after the close will be a significant factor in this weeks trading for VTSS 8> LLTC Linear Technology Price = 55.63 LLTC improving technical chart might be at an end with the overbought stochastics reading and the earnings report on Tuesday after the close. LLTC should miss the expectations or at least lower the guideance for fiscal 2001. Look for the 55 January puts if LLTC takes out the low established by 10:00 or 53 9/16 s the first support level. Target would be 50 1/2 the 61.8% retracement from the 52 week high.