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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: JimNewby who wrote (12913)8/12/1998 1:14:00 AM
From: Jenna  Read Replies (1) | Respond to of 120523
 
When in doubt, the Index options are the best bet. Although they are expensive, the gains are well worth it. I usually 'track' them with 5 minute, 1 minute chart but sometimes they go so quickly a little intuition and prior knowledge of historical patterns of the SPX and OEX helps. Tomorrow morning by 9:00 I'll have the new real-time data feed 'filled' with news. It's imperative that by 9:20 you should have a good idea of where things stand at the open. You should have an ear poises on CNBC or Bloomberg, or any financial news network. By 9:40 you should have an idea of the trending and most active stocks. Of course things do change in the continuum between the first minutes and the next few hours, but a good trend should be established at least for an hour or so. Sometimes that's all it takes to make your first profit of the day.

Most important, DO NOT get induced by the cheap BB stocks for a quick way to make a buck. Wait for the hi-flyers and stocks with the biggest intraday ranges to come into trading range. It is the large cap tech stocks and the internet that will have the most dramatic gains. If the market rallies tomorrow, look for the ones with the chance of the most percentage gains. I'll try to follow and post as quickly as I can. Subscribers will get 'first dibs' on our website but I will also post on SI.