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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Instock who wrote (11678)	7/18/1998 5:03:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

Instock..please look at the introduction to our thread: marketgems.com. We are mostly day traders here or short term/swing traders. We look for stocks that are technically poised for a breakout either breaking through resistance lines or bouncing off support. Some of us daytraders look for stocks with intraday ranges of .5 to 3 points like the internet stocks, technology, pharmaceutical or any sector currently in favor. Our watch lists try to chose 13 or so 'ideas' among the 9,000 or so possible so we have a 'headstart' in the morning. These 'ideas' are in the form of "watch lists". The stocks on our lists are the ones we feel have the best odds for a 'breakout' or price move to the upside. Our regulars usually provide analysis or any interesting news that might fortify their opinions about the stocks in question. In some cases we like stocks that we feel have been dealt with too harshly by the street like AFCI, AVNT, CLCX, TOM and could provide us with a bounce, not onlike the 'dead cat bounce' theory. Whatever we choose, we parry back and forth and have a daily interchange and discourse throughout the market day. This usually helps us in making buying decisions. A good example lately was EGGS, ELNK, SUNW, TLAB,SMOD,BRKT and some other internet and technology stocks that were touted by our posters and turned out to be most profitable trades.

To: Instock who wrote (11678)	7/18/1998 5:11:00 PM
From: Thomas Sterner	Respond to of 120523

<<Thomas: Have not been on this thread for along time. What are we WATCHING for in your Watch list of stocks?>> I am a short term trader with a horizon of usually 1-4 days. The stocks I post on my watch lists are those that have appeared on my scans. Usually, I post two lists within one post: the first I label "Add" and the second, "Still bullish." Those on the "still bullish" list are ones that I previously posted. The "add" list are ones that I am posting for the first time. Briefly, I run two preliminary screens, both using Price ROC, Stochastics, RSI and CCI. One screen compares the most recent day with 5 days ago up to 2 days ago. The first screen uses no crossover values...just a trend for each indicator. The second screen is the same as the first except that it includes crossover values. I then backtest each stock that appears in either screen. For this I use 19 indicators. Finally, I look at the charts for trendlines, support/resistance, patterns, etc. Then, I post those that look good to me. I actually go long on approx. 65% of those I post but, having said that, I still consider my Watch Lists to be those I am looking to enter but not necessarily. If you would like more detail, e-mail me. Tom