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To: Boplicity who wrote (4876)8/13/1999 12:56:00 PM
From: john douglas  Respond to of 7772
 
Gregory, I agree with you. But if you read the action between last Thursday thru last Tuesday as at least an intermediate low, and that we are in a tradable rally, then the downtrend resistance at 100 should prove weak. I am not saying EBAY is headed straight back to new highs, but do believe the odds are now in favor of a retest of the 135 level within the next 3 months. Assuming no worse than a 25 bps increase and a renewed neutral bias on the 24th. <vbg> John