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

To: Paul Viapiano who wrote (23550)	8/6/1999 4:25:00 PM
From: -	Read Replies (3) \| Respond to of 27307

Yes, today's give-back of gains in the net sector was not a good Omen for next week... $120 is a key level for YHOO (look at a long-term daily or a weekly chart), whenever the beast closes below $120 for real, it is in real trouble and at risk of further major losses. Long-term, we're still in a sideways trading range from April break in long-term uptrend, really but $120 is bottom side of range. YHOO still closed ~7 points above major support level, it will depend on overall sentiment next week... could be that we did indeed see the reversal day yesterday, and what we saw today was just typical summer Friday action in rate-fear-Bond-driven mode (a little too clean of scenario though, hmmm); on the other hand, might well be big downside coming, S&P/OEX/Dow just above major support/"decision" levels here... Bonds threatening any bad news there (real or imagined) next week or two could easily punch us through on to downside. Interesting times to live in as a trader, good learning just to watch/observe! I'm not trying anything cute with the nets here, staying flat/away for the most part... -Steve