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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (21039)	5/10/1999 3:14:00 PM
From: Robert Graham	Read Replies (1) of 42787

Looks like 1:30 PM and 3:00 PM passed without anything significant from the NASDAQ index. However, a few interesting observations. DJIA and S&P 500 have been sold off intraday. I see the Internet secondaries extending their gains, even managing to perform breakouts on top of gains made earlier in the day. Also the out-of-favor but not forgotten AMZN and YHOO posting good gains, along with stocks like AOL and even CPQ. There is definitely growing interest in the tech sector but many apparently are trying to figure out how to play this market. Until the "bottom fishers" and the new money continue to place more focus on the Internet secondaries, I do not think we will be seeing a start to a rally. But since the NASDAQ market is continuing to shape up, perhaps tomorrow will be the day when the NASDAQ market will come alive. Bob Graham

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