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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?


To: Kathy Riley who wrote (828)7/10/1998 1:07:00 PM
From: jon wilson  Read Replies (1) | Respond to of 8307
 
Any thoughts from anyone on where we go from here. Anyone with the short interest numbers?



To: Kathy Riley who wrote (828)7/10/1998 3:41:00 PM
From: Jim Cash  Respond to of 8307
 
Re: Resistance level

Kathy,

You are correct but resistance doesn't necessarily mean that the people that bought at that level will be the sellers. People often times use prior high areas (prior high is a high that is preceeded and succeded by lower highs) as areas to sell. Look at 19 1/4 for instance. We hit that area on Tuesday and sold off... It usually takes a couple of passes to break resistance. If we break the 30 3/4 we will explode like AMZN did when it broke 52.