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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 (5296)	2/26/2001 11:55:47 AM
From: Dave Gore	Read Replies (2) \| Respond to of 6445

Boy, they tried to take RBAK down again, but it sure powered back up; now around $35. Wouldn't buy it here with the NQ's stalled and in the doldrums, but nice for those of us that got in around $32 and tight stops at 34.5 or so.. Otherwise, market not very definitive today for any length of time. Right now the NQ resistance area is around 2080, it seems. We need to break above that and make it support and take out 2113 or so for this to be a good long day. The key on the long side is to find the stocks with really strong Relative Strength that power up with the NQ's strongly, like VRTS today. RBAK oftens acts on a delayed basis for some reason.