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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 (4476)2/13/2001 11:52:14 AM
From: Jenna  Respond to of 6445
 
ARQL triggered yesterday and was planned for and called a hold over. After the bullish belt hold we had a harami (a two day pattern consisting of that original bullish belt hold and the following bearish bar) and than a doji yesterday.

marketgems.com At this point we are looking at that doji yesterday (that was our reversal and buy) as confirming the uptrend which began yesterday. Now ARQL has added a very good stochastics break out, an important +DX breakout (which is strong when it occurs on the daily chart as opposed to just the intraday) and last but definitely not least the 20 day moving average breakout. At this point ARQL is looking like a hold over once again.