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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (966)	6/12/2001 10:54:14 AM
From: Jenna	Read Replies (2) \| Respond to of 1227

Very nice move almost 90 minutes short side still looking good short KLAC 54 (mini double bottom lock in profit until next short probably at 54.90 or so), VRTS (still in puts but look for 66.25 to get knocked down),QLGC 54 is the declining 20 period moving average.. we don't want a move above 54.25 should be a reshort if it moves as high as 54.64), MANU (broke down from before)as usual CMVT is the first to reverse back to the upside like clockwork. At this point still seeing bear flags CMVT is always the barometer. Expect the moves from 11:15 to 1:30 to be consolidations and usually riding the 20 period moving average on the 5 minute chart. KLAC just dropped finally from the rising 10 day moving average on the daily chart, so on the whole, look for more downside in the BIG PICTURE. With multiple time frames and trendlines, support resistance areas (5, 60 minute and daily chart 15-minute is optional, I use it for shorts so as to get the BEEF).. KNOW WHERE YOU ARE POSITIONED at all times. Like the "You are Here" markers in Malls.. Know where you are in relation to the BIG picture (daily chart) and also the intraday 5 and 60 minute chart, otherwise you'll be 'pinning the tail on the donkey' blindfolded and not really know where you are.