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To: Vendit™ who wrote (21333)	6/11/1999 8:44:00 AM
From: Guardian	Read Replies (2) \| Respond to of 41369

some ta in general from internet stock news this am: The last two weeks I have been warning of a potential Head and Shoulders Top in the NASDAQ Composite. The Left Shoulder was formed at 2598.81 on 04/21/99, the head is 2535.58 on 05/03/99 and the Right Shoulder is 2606.54 from 05/12/99. In technical analysis, if the market drops decisively below the neckline (2345.61 from 04/19/99), it will continue to fall below the neckline the distance between the Head and the Neck or 189.97. This will provide a MINIMUM target of NASDAQ 2155.64, a 17.6% correction. Unfortunately, an observant Internet Stock News club member (you are really missing out if you don't join us) pointed out I had mislabeled the head. He is right: the head should be 2652.05 from 4/26. Since we have a new top though, we must have a new calculation: Head to Neck is now 306.44 points (vs. 189.97 previously calculated). That puts our new POTENTIAL minimum downside target at 2039.17, for a total correction of 23.1%. Note the neckline of 2345.61 has not yet been broken, so this is only a POTENTIAL Head and Shoulders pattern. If the neckline is ever tested and repelled, the correction may end. Be careful, and continue to look for bargains.