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Technology Stocks : Egghead Computer (EGGS)
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To: HairBall who wrote (2426)8/7/1998 4:36:00 AM
From: Darrin Vernier  Read Replies (1) of 8307
 
Interesting close on EGGS today. The direction remains uncertain. One thing I did notice, today's close stopped at the 38.2% retracement of the entire upmove from June 97 to the top. Tagging a 38.2% retracement from the bottom and hanging there is a perilous vantage point from a long position. Tomorrow will tell, as usual. The parallels with the 90-92 move have thus far been uncanny. I suppose this will be a test of continued similarity, at a critical node in the morning. Good trades to all.
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