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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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To: gem-x who started this subject	8/13/2001 5:22:12 PM
From: At_The_Ask	Read Replies (2) of 2290

Hello all seems to be a good thread here. At least your st bullish as I have also been since fri. I think the fact that many are bearish will keep us moving up for a while from late short covering. All that down last week got the bears a little too excited imo. I noticed alot of discussion of ebay and took a peak at the chart. It looks like very good support at 60 on the daily and 51 on the weekly. Also the weekly looks like consolidation and appears to be in wave 2. I think the 2 may drag out a little longer but the three should quite powerful(maybe to 90's or over 100). If your playing for the long term it may consolidate lower before it moves up. Perhaps scale in at 60,55,50. Ebay has a fantastic brand and in the space no one else even comes close. JMHO (New guy sticks his neck out) Happy trading.

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