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To: TheBigB who wrote (7600)	2/24/1998 9:02:00 PM
From: PeterGx	Read Replies (1) \| Respond to of 27307

BibB: (you are a star now -quoted in that article and all.. :-) I know not the first thing about TA, but if Sequoia has not actually managed to already unload those ~2+ mil shares - then, my guess is, we may be witnessing some of that unloading now...

To: TheBigB who wrote (7600)	2/24/1998 10:08:00 PM
From: John Rowton	Respond to of 27307

those big blocks were the momentum guys you see on CNBC dumping their shares. a service that i have access to was shorting yhoo at 65, i did not do it. i should have. this puppy is getting ready to fall off a cliff and if it burps up again, i will short. a typical momentum stock that is touted to the public on tv while the pros dump it.

To: TheBigB who wrote (7600)	2/24/1998 11:19:00 PM
From: Don Earl	Read Replies (1) \| Respond to of 27307

Hi Big B, You might get a better feel for inter-day action by looking at 1 minute charts. Pressure was definitely on the sell side and the volume dried up fast every time it tried to rebound. Techs were pretty much down straight across the board today. Greenspan effect. There are a lot of mutual funds that don't hold enough of any one company to be required to file as insiders. There may be some pressure from that direction. I haven't been watching ticks much the last few days. Mostly just spot checking and keeping an eye on the charts. It seems to be doing what I think it should but hasn't reached a target I like yet. I tend to focus more on the tick by tick action when I'm close enough to a target price that I need to fine tune my entry or exit points. I'm sure if you lined up 10 different traders and asked them to explain every trade that goes across the screen, you'd get 10 different answers. Generally I tend to discount trades between the spread and trades that may be the result of late reporting. The 1K trades going on the bid or ask are the easiest to identify as being buys or sells. The hardest part about trying to explain, is that after awhile you just kind of know what's going on without really having a reason. Why would one bounce be a fake move and another be a reversal? It looks the same but it isn't. All I can really say is that if you trade fairly often and in large enough quantities that 1/4 makes a difference, you should be using at least level 1 quotes. The edge it gives more than pays for the cost. Also, go to the library and pick up some books on TA. It isn't necessary to re-invent the wheel. There are plenty of folks that have already made all the mistakes for you and are happy to write it all down. TA isn't a magic formula that will automatically make you rich, but it's a useful tool and the basics are fairly easy to understand. Regards, Don