Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (16469)	10/8/1998 1:48:00 PM
From: Jenna	Read Replies (1) of 120523

e-mail: What uptrend? According to my trusty time & sales and 5 minute charts, major internet stocks were on a clear and provable steep downtrend from 11:12 until about 1:00 p.m. I was stopped out of YHOO in that time period, so to call a rally would have been at the least misleading. After that time frame there have been several successful opportunites to "trade" them but never to go so far as to call it a 'rebound' or 'pop'... Some e-mailers seemed to insist the 'trend' had reversed and it was time to go long. Please do your own DD and don't be misled by 'town criers' calling a change of trend. Other than the NYSE stocks this morning and some after 1:00 vacillatons there was no perceivable trend change in either the NASDAQ or the internet sector.

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