Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: stan s. who wrote (55938)	1/4/2000 8:51:00 AM
From: EtTuBrute	Respond to of 108040

BWEB: Here is a technical read on recent action from Special K: To: EtTuBrute who wrote (486) From: SpecialK Tuesday, Jan 4, 2000 1:22 AM ET Reply # of 488 MACD fast avg was above 0 and above the slow avg, which means the selling strength has subsided. This is on the 60 minute chart. The relative strength on a 15 min chart shows improving strength throughout the day as each following lo and high are higher. It's interesting to see that less than 200K shares trades by the time the stock went from 41 3/8 down to 34.75. From then, it looks like 1.24 million shares were bought from 35 to 38. Very positive. The initial selling pressure that drove it down seems to be MMs taking advantage of nervous traders who got in expecting Harmon to put BWEB on his list and who sold when it didn't happen. The rest was simply buying. Actually, it wouldn't surprise me if some institutions got nervous as well. Piffers, PnF, shows a healthy reversal from a big 14 point move. As long as we don't touch 34 tomorrow (we didn't today), and we do touch 38 tomorrow, we will have a positive reversal. We are well above the Bullish support line, and some profit-taking, a correction, is very healthy to sustain a long-term upward rise. I still expect that we meet the recent high of 51 by the end of the month. As mentioned before, earnings season is starting, and ITRA will report on Thursday. ITRA looks very good here too, as it has pulled back from 99 to 74 (69 intra-day). Very powerful moving stock as well. I've found an interesting site called barchart.com, which gives opinions based on ST, MT, and LT TA. It has 96% for ITRA and 82% for BWEB, very positive. CMGI was in the 80-100% range on Dec 1 at 150.