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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 (5743)	3/3/2001 4:57:37 AM
From: lee kramer	Read Replies (1) \| Respond to of 6445

<Technical analysis will mirror the decision of the investor, but not the other way around>... True. But t/a can sometimes suggest lines of probability, sometimes strong lines of probability...and this can be valuable. Regarding TECH and TLGD: TECH daily/weekly charts suggest a temporary,(perhaps final} bottom...though we cannot know this now. The daily TECH chart indicates a bull-flag this week with an upside break of the flag on Friday with volume confirmation. It's too soon to conclude that a new major up-trend has begun, but I think TECH can be traded from the long side. TLGD has had three distinct waves down; from 170 to just under 20. The break down Wed. and Thurs. with Friday's action suggest a classic bear-trap. Volume also confirms. I think TLGD too can be traded from the long side...both TECH and TLGD should be viewed as short-term trades. Time and action may eventually turn these two into continuous longs, perhaps more than just hit and run day-trades. You've piqued my interest. I'll be watching these two.