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Technology Stocks : Healtheon Corporation (HLTH) -- Ignore unavailable to you. Want to Upgrade?

To: Greg h2o who wrote (789)	6/8/2000 1:57:00 AM
From: Robert V. Cavaleri	Respond to of 861

I can understand how you might fail to see the insights that TA can reveal when picking stocks. I agree that news, rumors, and the like is primarily what drives a stock one way or another, however you cannot discount that stocks tend to trend in one direction or another for varying periods of time. A stock that is large and mostly institutionally driven like HLTH will often make large trending moves over a period of weeks or months. When you see a change of pattern in a trend, like for example, when HLTH just crossed it's 50 DMA to the upside, an awful lot of buy signals go off on people's screens who do use TA to determine entry/exit points. (Institutions will be watching for such activity...) That usually is a big indicator that momentum has changed from selling to buying. Remember, big stocks like HLTH (when I mean big, I mean stocks with large floats) tend to move like big ships at sea. They don't usually just turn on a dime (although that is not always true). From a TA point of view, I'd say HLTH is a buy IMO.