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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: terri acey who wrote (6386)	6/5/1998 8:07:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 9343

"Technical Analysis for the Masses Someone on the Yahoo board posted a message indicating what dire straits SEEK was in because it was going below the 50 and 100 day moving averages, and cited the value of some other technical indicators as "proof". I see proof of nothing. That's the whole point of the current market correction to get stocks closer to to their 100/200 day moving averages. Since a majority of quality stocks have had such a great run this year....it's only natural for them to retreat from such high PE ratios. However, some stocks are in different cycles so it's a great market. I agree with this statement: For SEEK, the 61.8% retracement line is at 21. Again, this indicates very good support at 21. only my range is $20 1/2- 22 5/8 and I am buying in the lower range. I am long on SEEK....we will see $40's again this fall. The time to buy stocks is when they are 60+% off their 52wk highs! Jeff

To: terri acey who wrote (6386)	6/8/1998 11:27:00 PM
From: terri acey	Respond to of 9343

Another TA post from our friend from the raging bull thread... "By: iamnu Reply To #16 by iamnu Monday, 8 Jun 1998 , 4:54 PM EDT Post # of 55 Technical Analysis, Day 2 As I indicated in the message to which I am responding, the next 2-3 days will probably result in a significant move (up or down). So here is the update for today. The support line for SEEK is at 22 5/8 (and getting stronger, as we tested it again today). It is confirmed by a 61.8% Fibonacci Retracement from the peak of 45 on 04/16/98, and the trough of 7 3/4 on 12/29/97, and a 50 day exponential moving average that has been at the same level now for over 10 days. The resistance line is a descending line from our most recent high of 45 on 04/16/98 to the high of 30 3/4 on 05/21/98. This line is confirmed by four confirming tests of the line, a 10 day exponential moving average, and an indicator known as a Parabolic SAR. As of today's price action, most other indicators of your choosing are now showing an upward bias, but I wouldn't be fooled by them if I were you. You should have bought SEEK this morning or last Friday, as you could have placed a very tight stop loss order in case the stock went down. As I said, our support line is at 22 5/8 (and getting stronger), which is were we were this morning and Friday last. Now we have moved up nicely (1/2 point to 23 1/4), but I would not recommend you buy here, because the support line is still at the same level it was this morning and Friday. I would not recommend you sell here, because the resistance line (stop loss area) is now about the same distance from the price as is the support line. In other words, price is right between the support and resistance lines. SEEK will break the support or resistance line within the next 3 days at most (but I believe sooner), and I believe will rise or fall a significant amount when it does. If the resistance line is broken (value 24 on Tuesday), then you should buy when SEEK is above 24. If the support line is broken (constant value of 22 5/8), then you should sell when SEEK is below 22 5/8. My personal opinion is that the breakout will be to the upside, but nothing is a sure thing. I bought this morning at 22 3/4, and I have a stop loss order placed at 22 1/4. These are my opinions only. Please form you own opinion based on you own facts. I present this information in hopes that you may improve your trading/investing record with a little knowledge about Technical Analysis. Good luck all. "