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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Louis V. Lambrecht who wrote (9525)3/18/2002 2:07:07 PM
From: Davy Crockett  Respond to of 36161
 
Internut plays appear to be gathering some momentum.

Regarding CMGI... support appears to be around the $1.50 level with a candlestick "hammer" happening if current intraday levels hold. Note that volume is light.

Downside target is $1.25ish upside $1.80 to $2.00. Maybe more if it can break the 200 SMA

FWIW, I am not sure if I will play the bottom in a (very) slight upwards channel or hold on to c if the market turns from an oscillating market to a trending one...

bigcharts.marketwatch.com
Regards,
Peter