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Technology Stocks : Inktomi (INKT)

INKT 11.17

+0.3%

Nov 26 3:59 PM EST

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To: Anaxagoras who wrote (917)	2/22/1999 7:15:00 PM
From: Anaxagoras	Read Replies (2) of 1945

<<We'll need confirmation on Monday to develop it into a more reliable Three Inside Up pattern.>> Ha! We got it! (Don't ya jist love it when someone quotes himself?) Very nice day today on volume that was 149% of average on a significant % gain. Heck, we even closed above the 100 DEMA which has a minor bit of interest insofar as that's the spot the lower shadow of the late December hammer bounced; IOW, that was support, and then became resistance (polarity principle), but we closed above it today. The next trouble area to close above is the $64 area where the 50 DEMA sits, and $65 which is 50% penetration into the long black candle we put in last week on the 16th. We can mess around in the low $60s for a while, cuz it's an uphill battle above that, IMO. $70 is an obvious problem, but then there's nothing special that I see until the upper $80s. Anaxagoras

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