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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Aljorma who wrote (707)	6/15/1999 6:51:00 PM
From: Vendit™	Respond to of 19374

Aljorma First of all let me tell you that Yhoo and AOL and a few others are considered to be the blue chips to own in Internet stocks. I also own YHOO and my cost basis is $209. Would you say I am a believer?<g> Long term AOL looks fine. Now lets look at tomorrow. askresearch.com There are 3 things in the chart indicators above that are screaming buy me. The candle formed today is open or white in color. This is usually bullish for the next days open. If you look at the stochastics chart underneath the main chart you will see what looks like a buy signal coming into range. Any close tomorrow that is unchanged to up any at all will confirm a short term buy and hold. If you see any gap at all it might be worth jumping in at open but watch it all day because of the generally jumpy week we are in with the cpi release ect. The next indicator down is the William's R which shows you where the bottoms are although sometimes short lived bottoms. You will notice the reversal in direction and it is now heading up. The bottom occurred when it was at the 0 on the scale. The move up was conformation of the bottom. On the negative side, the lower support or the 200 EMA was breached on the downside a day or two ago. This suggests that after this bounce YHOO could continue its downward slide until the sector becomes healthy again. Use caution but you might have a good short term trade looking at you tomorrow. IMO Vendit