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


To: Craig A who wrote (23297)7/28/1999 11:23:00 AM
From: Danny  Read Replies (1) | Respond to of 27307
 
So far YHOO looks good, although not a convincing bounce here, but
looks good.

I still think this week will be key to YHOO. If YHOO can manage
a small rally here, the trend is still intact.

BTW, as to the post claiming 20% making a major bear trend, my
advice is to go and read some books before embarassing yourself.
If 20% movement in a "individual" stock makes a major bear trend,
I would say YHOO has had this major bear trend no less than
4 times in the past 2 yrs. I sure hope he did not short YHOO
into those bears and still hold those positions today:)

A major bear trend is a trend last for at least 1 yr, possibly
2-3 yrs. For example, the semi-industry is in the major bear trend
since Oct 1997, and end in 1999. The disk industry is still
in the major bear trend.

Now, will internet sector be in a major bear trend, possibly.
Are we in the major bear trend already? Absolutely not, although
very close to the breakthrough point.