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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (32005)	6/22/2000 2:44:00 PM
From: IQBAL LATIF	Read Replies (2) of 50167

<<Well, after a long three-month period of watching Internet stocks either plummet or move sideways, the tide has indeed turned. Over the past couple of weeks, we suspected this turn was forthcoming because of the strong action of numerous individual stocks. Specifically, many beaten down Internet issues began recovering rapidly on strong volume, while some Internet stocks even plowed ahead to new highs. This was our first sign that the Internet market was improving. Of course, the second and more important sign of an improved market was the recent i-TIMER buy signal, just flashed on Monday. This indicator has done a great job keeping us on the right side of the intermediate-term market trend. It flashed a buy signal back in August of last year, just as the Internet Index was launching off its bottom. After more than seven months of positive readings (and a 89% gain in the Internet Index), the i-TIMER turned negative on April 3. We all know what followed. And now we have a new buy signal that is telling us it's time to become aggressive with respect to Internet stocks.>> cobot

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