Tech Ready To Rally

• April 25, 2001
• Dave Landry

On Thursday, technology, like the Nasdaq
itself, rallied to close well after probing lower. This bullish action suggests
that these sectors are poised to continue their rally from lows. Notice below
first pullbacks, Bow Ties and cup and handle patterns in biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating),
Internet
(
$DOT.X |
Quote |
Chart |
News |
PowerRating) and the semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating). Computer technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating) and software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating) also look poised to resume their
rallies. Continue  to look for buying opportunities in calls
and call spreads here.

src=”https://tradingmarkets.com/media/images/Landry4/iix042501.gif” width=”470″ height=”320″>

src=”https://tradingmarkets.com/media/images/Landry4/btk042501.gif” width=”470″ height=”320″>

src=”https://tradingmarkets.com/media/images/Landry4/sox042501.gif” width=”470″ height=”320″>

Once again, outside of
technology, broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) looks poised to rally out of a cup and
handle. Continue to look for
buying opportunities in calls and call spreads here.

src=”https://tradingmarkets.com/media/images/Landry4/xbd042501.gif” width=”470″ height=”320″>

Best of
luck with your trading on Thursday! 

P.S. Reminder:
Protective stops on every trade!

src=”https://tradingmarkets.com/media/images/Landry/land-dlst.jpg” width=”94″ height=”132″>