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Strategies & Market Trends : Charts for Quick CASH $$$ -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (5315)	12/8/1997 12:26:00 PM
From: Eakole	Read Replies (1) \| Respond to of 9262

[Re. YHOO] Hi Rainier, I believe ALL Technical Analysis of Stock Trends is an accumulation of subjectively chosen information which when applied objectively will hopefully yield a stocks future trend. That puts TA more in the realm of an ART than a SCIENCE. That which one analyst notices may not be obvious or true for another. At best TA is 30% SCIENCE, 60% ART and 10% Wishful Thinking. In light of the foregoing disclaimer permit me to offer a word of caution regarding YHOO. Where you see an Ascending Triangle (Bullish), I see an Ascending WEDGE. (Bearish). Look at the 180 Day chart of YHOO. Trace the ascending trend line (support) from JUL, to mid AUG, to mid OCT to the now Trend line (resistance) in NOV. Now trace a line through the supports starting in OCT through to the present. In TA one tenant is . . . < the more a trend line is confirmed (touched) the greater its importance >. I hope this is helpful . . . . Best Wishes Eakole