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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (5444)8/6/1998 12:46:00 AM
From: Ms. X  Read Replies (2) of 34811
 
I have to admit in all P&Fness that internets make no sense. Here is what I see technically with YHOO.
All momentums negative.
Broke near term support.
RS weakening somewhat.
General analysis. Not doing well. Put should do fine. Exit at 74.

However....
We are talking about an internet stock and people are just gaga over this stuff.
So watch carefully. Dead stop at 93.

I think the market should still trend down. If we have a rally it will probably be in the big caps again. September/October is just around the corner.

You made money on ASND in this market. I'll save a high five for you.

CSCO is cool. Hedge at 90.

Jan I am
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