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

To: hasan syed who wrote (23500)	8/5/1999 7:08:00 PM
From: Lucinos	Read Replies (1) \| Respond to of 27307

On the chart, the most fascinating phenomenon is the evolving from one pattern to another. In my opinion, if we will not see a disappointing report tomorrow, the transformation of pattern may happen for Yhoo this time. That is why in my previous post today I said Yhoo might have a good chance to turn the h&s pattern into a lateral bouncing pattern. However, if the report is bad, then all the TA conclusions can be trashed since there will be a significant change on the chart tomorrow due to the report. It will weighted so much that all previous TA conclusions will be overwhelmed. To talk about the lows, although the new low today for Yhoo is lower than the previous lows. However, my attention is focusing on today's failure signal that failed to break through the neck line. Also, the false signal came with a huge volume traded and formed a perfect hammer. To a technician, they are more important than the low signals. However, they are still much less important than the report tomorrow. As for a dead cat bounce, to me the dead cat has already bounced today (from 110 to 129). However, the cat has nine lives. A good report tomorrow will turn it alive again. So, tomorrow can be a very critical day for both traders and investors. Lucinos