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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (20398)	5/26/1999 4:49:00 PM
From: Judy	Read Replies (2) of 34809

Actually I don't think the nets are dead money now, this is time for accumulation. The sector is almost washed out, recall I posted the sector enterred a consolidation phase over a month ago. With Mary Meeker's pronouncement this am that the sector could correct another twenty percent, my sense is that we have seen the capitulation bottom with the panic sells and knee-jerk reactions for the near-term. Some technical shorts may be in order, but the risk/reward is again shifting to the long side for the first/second tier internets.

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