Slammed!

October 25, 2000
Dave Baker

Each morning this list will contain those stocks with the potential to

make a quick but tradable move in the first hour.Â The information listed

here is designed for the trader who catches the early morning momentum, between

the first five and 45 minutes of trading. Many stocks open each morning, run for

several points and then reverse. I will cover stocks with this potential and

highlight possible reversal points and resistance areas. These points need to be

monitored closely, as the stocks may turn quickly here. Be ready to lock in

profits quickly.

Morning Outlook

The S&P futures are -10.80 and the
Nasdaq futures are -80.00.

Watch for a turnaround in the first 10-30 minutes of trading. Keep an eye

on the stocks that gap the most in the morning. Use the Nasdaq tracking

stock (QQQ)
or futures as leading indicators.

Look for weakness across the board. You name it, it is down.

Some stocks were hit so hard in the pre-market that they have already taken out
pre-market support.

Moving Down (at the
open)

Between downgrades and earnings, its not hard to find something moving lower.

Cisco
(
CSCO |
Quote |
Chart |
News |
PowerRating) is poised to open below 50, and while everything looks to
go lower, this has been a good buying opportunity in the past. Watch for a
reversal in the early morning.

PMC Sierra
(
PMCS |
Quote |
Chart |
News |
PowerRating) is trading down 25 points. Use an intraday chart to
watch for a reversal pattern in the first 20 minutes of trading.

Slammed!

BUY THE FEAR, SELL THE GREED

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