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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Lillie who wrote (85117)	6/25/2002 3:54:41 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 99280

Jeff: EMLX & QLGC are two I follow: Recent history EMLX - went from 8.5 area after 9/11 to 48. Next supports are 18, 12 (last years April lows) and then 8.5. QLGC - went from 17.5 area after 9/11 to 57. Next supports are 31, 25, 20 and 17.5. Both are momo stocks and will be sold. They have now broken down and are in downtreands. Fundamentally they are good companies with good management but as the break support funds dump and momentum players short on the downside. If this time is like last time these stocks won't set a bottom till a few days after the market (storage was the last to breakdown after 9/11 but it came roaring back). good luck with your trades