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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO. -- Ignore unavailable to you. Want to Upgrade?


To: M. Frank Greiffenstein who wrote (2880)2/10/2000 9:38:00 PM
From: J. Arzente  Read Replies (1) | Respond to of 3198
 
nothing worse than believing in something and not selling.
if I read the chart correctly:
bigchart.com

The Chart is a 3 month you'll need a 6 month chart to see the
formation of a head and shoulders pattern I ran a .382 retracement from 43.625 (Dec 11,99) to the recent low of 24.625, I come to 31.875 we hit 32.9375 then formed a hanging man and was confirmed the following day. The up days were on healthy volume, the proceeding days were on weaker which is fine
a retracement of less than .382% of the last upward move would be 29.75, if we break that and go to .618% (27.801) of the last move, we're heading lower support is at the 22/20 channel...10648 on the dow was a first warning sign of some troble we closed below it today, but we should get a bounce, we had readings of the TICK of over -900 the last two days so we should see a bounce if we close at or below 10648 at the end of the month clear the decks.... DRIV...My cost is 14.50 and I'm in over a year with most of the shares..so long term I believe.