Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Adelle who wrote (44132)	6/11/1999 10:49:00 AM
From: briskit	Read Replies (2) of 120523

CMGI from chart perspective is trying to hold long term trend support and 100 day EMA. It has shown strength recently at this range, so it may hold if the market holds. I'm hoping it sets a higher low today (above 88 1/2) to give a signal it might be reversing the downtrend. That is the battle--will supply exceed demand at these prices and conditions. As I mentioned the other day, the chart is getting into a tight triangle that looks to me like something needs to give. BWDIK! Good luck trading. Going on vacation a couple weeks so keep the market up so I can enjoy my time off ;^). Mike

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