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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: John NY who wrote (26473)	3/8/1999 11:57:00 PM
From: Jenna	Respond to of 120523

OSU and the 'nets. The Internet index broke out today beautifully and we have earnings season coming up in 5 weeks folks!!. This move reminds me of the move we saw last November to late December. It lasted about 7 weeks. This move was across the board for all the tech stocks as well. I have a lot of homework preparing for the coming season, but its homework I relish. O'Sullivan Industries Holdings (OSU:NYSE) said it expects to report third-quarter earnings of 40 cents a share thanks to stronger sales and improvements in manufacturing productivity. The three-analyst view called for 31 cents vs. the year-ago 23 cents biz.yahoo.com

To: John NY who wrote (26473)	3/9/1999 11:37:00 PM
From: John NY	Read Replies (1) \| Respond to of 120523

I finally realized: Price breakout is the final result - not an entry indicator. In having no background in this stuff, I've focused too much on price. After all, that's really all you hear about most of the time, (in the mainstream media reports/conversation) and isn't that what is the most powerfull attribute? It's the goal. All the psychological aspects of money/price may get in the way of changing your thinking to even see anything else. So it is why it's taken me 10 weeks to get to this point. Reading about this way of trading and understanding it have been separate for me. Enough about me, I think the point here is to use OTHER indicators that will LEAD potential price breakout. My work now is to take a break from bad trading and figure out how to determine all of the other indicators: MACD, Stochastics, Weak begining uptrend, Price Channels, Market Trend, Williams %R - (trying to find info on this one), etc. Not sure what I need to look at in a priority order, especially since time is a factor. I got a little confused by seeing the posts declaring price breakout; they aren't entry signals. I now look at those as showing that the stocks to watch HAVE moved and if I found leading indicators for them, then the fact that their price increased is just a 'confirmation.'