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

To: Nathan G who wrote (950)	7/12/1998 7:11:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 8307

From AOL message boards:Subject: Re: Common Sense Date: Sun, Jul 12, 1998 12:00 AM From: Pegasasone Message-id: <1998071206000900.CAA04985@ladder01.news.aol.com> <<We are very much in agreement that NSCP and USWB are the entries of chioce for Monday (in the internet universe). There is another internet that should keep running but I hesitate to mention it. I hope we are right. Bill>> Hey Bill, don't be shy!!! I now you are a team player so let us have it. What good is knowing or thinking something if you don't share it with others? In this case, it can only help you to share it becasue the more people that agree with you, the more interest and momentum that will be generated. What do you have against that? Thanks for whatever information you can share with us. Regards and good luck to all! Irv ===================== Well, this will be my second attempt to respond to this message. AOL booted me and dumped my previous attempt. Friggin Microsoft and AOL must share programmers now that they both have monopoly status. Unreal! Let me try again: Irv....Think (no, not THNK), what internet stock would I not want to mention for fear of sparking contraversy on this board? Think Green ____ and ham, ____ on your face, scrambled ____, ohhhhhh.....____actly! I will refer to it as "the internet stock"! I was checking out the chart of "the internet stock" when AOL dumped me. I had done a little analysis of NSCP and USWB. Basically I just said that both had taken three stabs at their respective near term support levels (36 and 24 1/2) and held - giving the trader a good low risk entry point. I like USWB becasue the chart is gradual but accelerating - seemingly immune to the mania. NSCP has a look, and I don't know what it is, that it will make a new near term high soon. That is my bet. Do your own research and use a tight stop. Also, the $INX (cboe internet index) seems to be in the hands of bulls. No new lows in July and higher lows the last two days. I think It may break out this week. Mmmmm...having a beer now... my analyses should be right on!! OK back to "the internet stock" -So far, it shows some distinct similarities to KTEL ( and I don't just mean its promoter). KTEL made its first top in three days, EGGS as well. KTEL made its first retracement of 35% the next day, EGGS retraced 48% the next day. The following move on KTEL was quite impressive, straight to 24 3/4 from 9 1/2 in two days. It moved 4.7 times the amount that it retraced. There is a Fibonacci ratio of 4.236 that corresponds to an impulse move which is being positively influenced by a higher order trend. KTEL oveshot this ratio. I must have forgotten to use the "Gann Small Float Factor". That brings us to where we are now with EGGS. EGGS moved out on day 5 just like KTEL. So far it has moved tooooo - 21 7/16, or 1.4 times as far as it retraced. The common Fibonacci ratios which are used to project reversal points are: 1.618, target would be 22.5 2.618, target would be 27 3/4, and 4.236, target would be 36 1/4 If EGGS is in KTEL mode, 36 1/4 it is and Monday will be the day it hits its next high. Should be fun to watch. Now if you are reading this and assuming that this is what will happen, go bang your head on a wall. I'm making a far out comparison here for the sake of fun. Stocks all do their own thing. But KTEL and EGGS have some interesting similarities as we all know.