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Technology Stocks : Egghead Computer (EGGS)
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To: fiberman who wrote (2497)8/10/1998 11:01:00 AM
From: HairBall  Read Replies (1) of 8307
 
fiberman: If EGGS is going to make its run up, to fill the down gap around 17, it needs to do it in the next day or two.

My Med/Long Osc seems to be topping, but has not yet given a sell signal. However, my very short term indicator is showing the possibility of a move up.

I think EGGS "MAY" have a very short term opportunity to fill the 17 area gap. One way or the other, I then expect EGGS to proceed down to the 9 area to fill the up gap. (All daily indicators)

Bottom line, more downward pressure than upward. After, EGGS will need to build a new base before a significant up again.

BWDIK
Regards,
LG

PS: Over all market bias will influence EGGS. IE: New IPO's and overall market trend.

EDIT: That's sticking my neck out! The 200 day SMA may be the floor. <g>
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