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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: craig crawford who wrote (7646)2/26/1998 7:46:00 PM
From: Bob Kimball  Read Replies (1) of 27307
 
What happened? Good technical rally...

A nice head-fake to shake the longs at <61, then a quick rocket ride to 70+ to rattle the shorts.

The purpose of the market (well, those responsible for it's operation) is to create as much activity (commissions and scalps) as possible. The more fear and greed working, the more activity.

If you follow e-waves the most probable count has worked to a T with this week's action. Now we make a new all time high, or just barely fail it, and the shorts can get happy again, for awhile.
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