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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: craig crawford who wrote (9074)4/3/1998 4:43:00 PM
From: Howard Hoffman  Read Replies (1) of 27307
 
Head & Shoulders?

For the extreme bulls among us: If you do not know what a H&S formation is, you need to learn real quick. William Harmond knows. Bill has correctly pooh-poohed previous posts that were imagining that a head and shoulders was forming (40 points ago).

Now, look at the chart. The left shoulder and the head are firmly in place, with the classic volume pattern. The left neckline is at 82. If YHOO corrects down anywhere near 82, then look for a right shoulder around 88. Sloping necklines can occur too.

Of course, this could alll disappear or a higher head could develop. YHOO could run to 200, just like Presstek did (PRST hit 15 this week, although that is post split, so the stock has "only" fallen from 100 to 15 in less than 2 years). Ultimately, YHOO is going to have a killer correction. It is only a matter of when and what triggers it. There will be no "sof landing" scenario.

Bill, have you bought your put options today?
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