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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: TheBigB who wrote (7561)	2/21/1998 6:05:00 AM
From: Don Earl	Read Replies (2) of 27307

Hi Big B, Take a look at the 1 minute chart: fast.quote.com That's just about as ugly as an inter-day chart can get. Down hard on increasing volume with a big jump on almost no volume at all. MMs can go short on the ask. Fast run ups at the end of the day are usually a bad sign. The MMs short heck out of it and the bottom falls out at the next open. The 1000 share blocks are the ones you want to watch. Those tend to be the SOES traders, but you have to have real time tick by tick quotes to see the action. Large blocks tend to be pre arranged trades that don't have any affect on the market. They can also be option related, or MMs moving inventory around. By now most of the January-Febuary fund money has gone into the market. Profit taking tends to get fairly heavy in March. The patterns are still a bit hard to read. In all honesty a bull or a bear could look at the same chart and make reasonable arguments for either position. Is it support at 61 5/8, or a triple bottom? Triple bottoms tend to be a weaker pattern. Is it forming a base to make a run at resistance or does the constant failure to break resistance mean it can't? The high valuation, insider selling and the potentially negative affect Iraq may have on the market in general, still makes me think the bearish position may work out OK. If I was forced to stick my neck out to make a semi wild guess, I'd lean toward a prediction that it breaks support on volume come Monday. Regards, Don PS Looks like the long address on the chart is going to make this post a bit on the wide side.

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