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To: marc chatman who wrote (56342)12/7/1999 4:15:00 PM
From: IndioBlues  Read Replies (1) | Respond to of 95453
 
YHOO also moving on massive short covering according to 1010WallStreet <eom>.



To: marc chatman who wrote (56342)12/7/1999 5:04:00 PM
From: marc chatman  Respond to of 95453
 
If the API's are good, watch out. It could take Jan. crude above $27, but a new high would confirm a macd reversal on the daily's.

If that is the case, the OSX could continue this bounce for a few points, but I'd guess that such a rally would meet with heavy selling. And we then would get continued selling until crude re-traces a good portion of the recent rally.

IMO, everything hinges on the strength of tomorrow's rally, if we get one.



To: marc chatman who wrote (56342)12/7/1999 6:48:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 95453
 
marc;

Thanks for that charting site!

The kind of absurd action we are seeing in Yahoo and other internet stocks is the type of thing seen near the TOP os a speculative mania. The real crazy thing is that these tulip bulbs will go down much faster than they went up. And that is saying something.

I have long ceased to watch these stocks so as to keep temptation at arms length.