Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Smith who wrote (9690)	4/9/1998 7:55:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 27307

Comments on Elliott Wave Peak Analysis of Yahoo: iqc.com On the Weekly chart I can count 5 definite waves from Jan 97 lows. Each up leg getting more vertical. On the 60 minute chart I can count 5 definite waves up for the move up since late Feb and on the 5 minute chart I can count 5 definite waves for the move up in the last two days. Each leg getting more vertical. Wave 1 price movement = 50 points (14 to 64) If you count 63 as the bottom of Wave 4 we have made a 50 point advance for a close of 113 today. IF Wave 1 equals wave 5 in price movement. (common in Elliott), today's panic buying spree was the creme de la creme. I guess we will know in the next few weeks. Since this thing trades on momentum and not fundamentals, you wonder how much more vertical the legs can get, if it is still to maintain an uptrend. Comments?