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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 (4731)	2/15/2001 1:41:18 PM
From: Jenna	Read Replies (2) \| Respond to of 6445

BMY.. as BMY did not hit the double bottom breakout of 60 but maintained strengh at 62. I would consider a long play on BMY with a tight stop and an immediate target of 66, which might be higher if it doesn't get stopped out before than. I like the +DX breakout and the successful attempt to stave that double bottom at 62. MRK on the other and we called at 79 the double bottom breakout and the short play and MRK is now trading at at bearish gap down BELOW the 200 day moving average and is looking pretty bad.LLY is also in trouble as 76 was the double bottom breakout and if you look at athe daily chart of LLY you can see this trouble reflected in the daily chart very easily.