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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Kelvin Taylor who wrote (24192)9/8/2000 7:31:58 AM
From: Larry S.  Read Replies (2) of 53068
 
Ran 90 day charts on CMGI and ICGE (the usual 180 day charts are harder to read since the stocks were so much higher 180 days ago).
cmgi: siliconinvestor.com this shows the 49-50 area as critical in CMGI. the failure to establish a higher high would mean a retest of 36-37 would be likely. it is still inconclusive as to whether CMGI will reach a higher high on this run. next few days will be critical. stochastics are tipping over, green has gone below blue, which is usually an indicator of downward short term direction.
ICGE: siliconinvestor.com this chart is more constructive, actually, we have higher highs and higher lows. stochastics are on the cusp, needs to hold here to prevent a rollover. ICGE has established a nice basing pattern with 29-30 being very stron support here.
ICGE has the stronger short term chart pattern over CMGI.
I guess I have a lingering preference to CMGI over ICGE on a fundamental basis as I feel their position in their sectors is stronger then the b2b emphasis of ICGE. but chart wise, tip of the hat to ICGE, for now. jmho. larry
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