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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Ocote who wrote (17661)5/27/1998 6:10:00 PM
From: Ocote  Read Replies (2) of 79243
 
Internet rockets

I did cover SEVL

Damn, as soon as I covered, so did everyone else and the thing shot up fro 3 11/16 to nearly 5. For once a lesson that I didn't have to have ground into my nose....take profits when it's reached your goal and don't get greedy. Another hour and I would have been very upset.

Regarding the other internet rockets, it seems like they all key off of their pack leader, Yahoo. Yahoo was up 6 or so. When Yahoo gets sick, all the internet rockets get sick. I'll wait and watch Yahoo for signs of weakness before going after them again.

Ocote
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