Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

>>ALERT>>> QLGC range bound did not recover off the 60-minute chart at 20 ma, an indicator of what was to come today. (XLNX didn't help either) Charts told the story but it was also early news from XLNX that was the "precipator" of downside. Day #2 and once again the shorters raked in the money. This was NOT just a technical move although that was readable in the charts as well.

We need more downside in front of earnings (LEH, AGE and MWD report as early as next week so earnings season really never ends)

QLGC last night
http://www.investorshub.com/boards/read_msg.asp?message_id=1418872
If you followed this you saw that we were range bound although near the highs, it still wasn't enough to keep the techs from dropping 60-minute support levels.



QLGC today