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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (22015)6/15/1999 11:18:00 PM
From: -  Read Replies (1) | Respond to of 27307
 
<Technical update - YHOO>

YHOO'ers, I just want to call your attention to the fine work being done by www.intelligentspeculator.com, referenced on this thread and posted on their site, which I spent a good deal of the weekend studying {no affiliation or acquaintance}. This is some of the highest-quality T.A. work available on the web (or anywhere). Of course, being T.A., it isn't 100% accurate all the time, but this is state-of-the-art T.A. at it's finest. My hat's off to them!

I note they've been getting "beat up" lately on the AOL thread for pointing out that the daily was setup for a selloff, but hey, their technical analysis was spot-on, as proved during the past week!

My own trading methodology/credentials are posted ad nauseum over in the "Daytrading Fundamentals" thread... I have been doing this for six years+, and know good T.A. work when I see it!

Good trading, -Steve



To: Teresa Lo who wrote (22015)6/16/1999 10:47:00 PM
From: Teresa Lo  Respond to of 27307
 
Technical Update - YHOO

The broken bear flag on YHOO met its first target on a test of the recent low of $120. Yesterday it closed above intraday resistance at $135 to confirm a bounce. We have drawn lines on the recent high and low, and it would appear that YHOO has now entered into a potential change of trend zone. On Tuesday it opened on the low and closed higher into the old May 26 low, producing an old fashioned double bottom, otherwise known as the Trader Vic 2B bottom or Linda Raschke Turtle Soup buy set ups. Once YHOO traded back into the $120 area after the down open, it could be bought with a stop at 117 5/8 for a short-term trade. The first hurdle is the 20-day EMA at $141, with a target of the recent high of 157 ¾.

The chart has been posted to intelligentspeculator.com