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Strategies & Market Trends : Technical analysis for shorts & longs

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Jan 8 4:00 PM EST

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To: Clint E. who wrote (18624)	12/22/1998 4:08:00 AM
From: Johnny Canuck	Read Replies (1) of 69589

For those playing internet stocks, selection is important here so add this bit of information to your thinking. ********************** tickertapedigest.com Monday America Online Inc. (AOL) spurted 12 3/4 to 117. Dell Computer said it will feature AOL on its computers. Tape Action for AOL - Neutral. AOL climbs sharply but shows only modest up tick volume for the day. There was heavy profit taking during the day. TTD expects a pause. ---------------- Amazon.com Inc. (AMZN) shot ahead 32 1/8 to 318 3/4. No news. The company is continung to expand its commerce presence on the internet. Tape Action - Slightly Bullish. AMZN drives sharply higher in price. However, net up tick volume for the day was just slight. That was because there was clear profit taking around mid-day. The stock did strength a bit into the close. AMZN is extended. Bulls should stay in but expect a base to develop soon. Network Solutions Inc. (NSOL) sky rocketed 43 3/4 to 164 3/4. It handles the domain names for web sites.No news. Tape Action - Extremely Bullish. NSOL drives sharply higher with up tick volume the most in five months. It does not appear to be blow off volume. TTD sees the stock going even higher in the next few days. ******************** The market forecast at this site is predicting a short term topping action too, so adapt your trading style accordingly.

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