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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: Jenna who wrote (16469)	10/8/1998 1:38:00 PM
From: Judy	Read Replies (2) \| Respond to of 120523

You missed the momentum drop on the drug sector, now you are trading in the realm of market sentiment and fundamentals ... harder to call for swing traders. PFE was a high probability put trade when it broke historical support at 90, to be hit on retrace up. WLA's 200-day ema is 61, exactly why the stock is hovering at that level. It will retrace up with the market. Your decision.

To: Jenna who wrote (16469)	10/8/1998 1:48:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

e-mail: What uptrend? According to my trusty time & sales and 5 minute charts, major internet stocks were on a clear and provable steep downtrend from 11:12 until about 1:00 p.m. I was stopped out of YHOO in that time period, so to call a rally would have been at the least misleading. After that time frame there have been several successful opportunites to "trade" them but never to go so far as to call it a 'rebound' or 'pop'... Some e-mailers seemed to insist the 'trend' had reversed and it was time to go long. Please do your own DD and don't be misled by 'town criers' calling a change of trend. Other than the NYSE stocks this morning and some after 1:00 vacillatons there was no perceivable trend change in either the NASDAQ or the internet sector.