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Technology Stocks : CMGI What is the latest news on this stock?

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To: SHGLaw who wrote (12469)8/10/1999 4:24:00 PM
From: gizelle otero  Read Replies (1) of 19700
 
"Technical Rap" UPDATE - Gizelle (Raging Bull)

Hi Guys!

I rarely take the time to post more than once a day. Today I did three posts... However, today was not your normal day!

We saw another intra-day reversal which may or may not have confirmed the $66+ low as strong support. I am tempted to go "out on a limb" and say we have confirmed the low, but I am going to wait until tomorrow to decide. This will be based on seeing what (if any) follow-through we see in the morning, and what volume accompanies it.

If, as I am inclined to speculate, we see firm follow-through in the AM ($80+) on good volume (3M+), it is more likely than not that we will have seen the low for this cycle and are ready to form a bottom at these levels.

Let's all say a silent prayer tonight before we go to sleep and see what the morning brings.

Adios and good luck!
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