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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Jeff Litwin who wrote (6265)9/15/1997 10:18:00 PM
From: Mad Monk   of 13949
 
Jeff: It ain't no One Day Reversal (ODR). To be qualified as an ODR, the followings are needed:

1. Huge volume, especially at the close.
2. Closing price is below the previous day close.
3. Intraday price challenges or is above the 52-week high
4. Y2K problem has to evaporate.

Today's action was only the first challenge of the previous overhead resistance at 35-38 and failed. I expect that there will be more and more such challenges until it breaks through with a vengeance.

We are patient investors knowing time is on our side. What us worry?

Regards,
Mad Monk
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