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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (8038)	4/20/1998 12:23:00 PM
From: BoNg-N-BoNg	Respond to of 120523

>>>Seek falling off H&S and dip being bought on low volume and tracing out a bearish coil.<<< although I'm trying to figure out what's an H&S..Right now, SEEK is trading sideway, stochastics hovering around 60 and 40 and 5mma is just touching the 15mma...What I see on "dip being bought on low volume" is probably small time investors buying (I don't have time and sales)for every weakness. This could be the reason SEEK didn't have a major correction yet...Now I'm afraid when the major traders comeback from lunch, they will start selling again and compounded w/ the shorts, we will see some major corrections up to possible below its intraday low of "$37" then a major rebound again...so "spiral to bearish" could be not far away... just a thought.. eL...