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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 (3672)	2/2/2001 12:20:17 PM
From: Jenna	Read Replies (2) \| Respond to of 6445

marketgems.com GILD I was doubting this one already yesterday. If GILD drops below 61 7/8 it would drop below major support of the 20 day moving average. the daily ADX is 23, where 30 would be a general sell signal on the DAILY chart. GILD the next support would be 57 1/2 which is the 61.8% retracement from the 4 week high (70 1/16) and a possible target for now.There is no more support for GILD after that until 49 3/4 (major resistance). I am not convinced though that GILD will drop that low.