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To: Teresa Lo who wrote (20304)7/21/1999 2:20:00 PM
From: DanZ  Read Replies (1) | Respond to of 53068
 
ECLP.

Somebody on Instinet (INCA) has been playing mind games with ECLP for the past few hours. They have been sitting on the offer at 20 11/16, sometimes showing large ask sizes relative to the bid, while simultaneously sitting on the bid and buying stock. This looks like a good example of legal manipulation that was discussed earlier in the week. I think the stock will move up from here after he has bought all he wants on the bid and pulls his offer, unless of course, I have misread his intentions.

Dan



To: Teresa Lo who wrote (20304)7/28/1999 1:17:00 PM
From: Teresa Lo  Respond to of 53068
 
Mid-day Technical Review of Market Leaders

EXDS is within a pair of 1-2-3 lines on the daily chart. Over the past week, it's pulled back to test the 20-day EMA and has held so far, so the daily chart is neutral at this point. On the 65-minute chart, it is stuck between sellers at the 20EMA65 overhead and buyers on the 20-day EMA.

PMCS made a pullback to test support at the 20-day EMA on contracting volume - bull flag sets up a Grail buy...and is now on the bounce back up. Low volume bounce so far. The target for this bounce is to test the old high. On the 65-minute chart PMCS finds resistance on the bounce at a key fibonacci number and also old resistance point on the chart at $80ish.

Grail buy set up on the daily chart of INTC achieves its target of trading back to the high of July 15 at $68 11/16. The stage is set for INTC to test it's all time high shortly, seen clearly on the weekly chart. On the 10M chart, INTC is doing a low volume pullback to check support below. It can set up a buy signal on test $69ish at the 20EMA. Watch closely.

AMZN is at critical support on the daily chart. It must hold this morning's low or else it's going into test the June low. This is the last stand. Makes a 2B bottom on the 10 minute chart off yesterday's low, much like the rest of the market and now it is making a triangle consolidation on contracting volume - it wants to go up here. Next resistance level is $107.50

AOL makes a 20-day low and is attempted to pull off a reversal day on test of critical support on the daily chart. On the intraday chart - resistance is overhead at $102 on this bounce.

MSPG makes a gap down day on a spike of volume...wondering if this is going to be a climax day of some sort on the daily chart, but the June low is so close it's hard to imagine not testing it, just for fun.

Chart has been posted to intelligentspeculator.com