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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 (1775)1/16/2001 10:31:28 AM
From: Dave Gore  Read Replies (1) | Respond to of 6445
 
Curious - is anybody brave enough to admit their bought Jan puts of JNPR yet?



To: Jenna who wrote (1775)1/16/2001 10:31:30 AM
From: 2MAR$  Read Replies (1) | Respond to of 6445
 
MERQ CHKP MANU all at LOD...



To: Jenna who wrote (1775)1/16/2001 1:20:05 PM
From: Jenna  Respond to of 6445
 
ELNT marketgems.com ELNT dropped lik a rock after the 10:10 reversal session was over. When a stock drops this much I would short it NOT at the daily chart short trigger but at the 5 or 15 minute chart trigger (as it drops below the 200 period moving average. The 41 3/4 is a good pivot level (on the daily chart) and ELNT took that out easily.

ELNT never reached the long trigger at 44 7/16, but even if it had, it would have been a short or 'no play' with the nq's moving down providing a negative market climate for going long. Intraday charts outweight daily charts when you have weakening market internals and in case of gap ups or gap downs.