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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: SMALL FRY who wrote (41493)	5/22/1999 8:43:00 AM
From: gaj	Read Replies (1) \| Respond to of 120523

INKT...in a descending triangle right now. it's almost broken to the upside, which would notably differentiate it from the other nets (most of which have, or are leaning towards breaking to the downside). good luck. as i can't watch my positions more than twice during the day, i've moved primarily to cash, with a periodic long on an earnings play (OCLI, TIF, TLB, ANF) that's not in nets/pcs, or a short in a stock that's due to pull back... right now, when i've checked EOD charts, i've found that most of the 'big-news' 'net stories have gapped up, run for 15 minutes, and usually not come close to that high again. that's different tha 3 months ago, when you could almost always break through those highs - and for significant multi-day holds, even. although most charts i've checked for 'nets have been bearish, this shows me that that psychological purchasing has slowed down - and i'm not going to be the first one to jump back in, for fear of getting the arrows in the back.