Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

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Nov 6 4:00 PM EST

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To: Bill Harmond who wrote (10790)	5/11/1998 5:30:00 PM
From: Michael Collings	Read Replies (1) of 27307

>>Michael, If the market didn't break down this past Thursday, I don't think it's going any lower for a while.<< I totally disagree William. That the market bounces off a moving average does not mean it will not retest it again and not break through it the next time. If you look at individual blue chip stocks you will see many have broken down under their 50 day averages. I believe it is only a matter of time (and I do mean a very short time) before the market completely breaks down. Spain, Italy and Switzerland look to be breaking down now. I believe we are about to see one of the greatest transfers of wealth of all time, from the unsuspecting boomers to a relatively few large traders and institutions. The game never changes, only the players.

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