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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: CharlieC who wrote (19758)	7/23/1998 12:15:00 AM
From: Alski	Read Replies (1) \| Respond to of 79371

Charlie, I didn't do any TA on SPYG and don't know what I'm talking about, but...I won't be surprised if you see a repeat of April, panic buying by the inexperienced followed by massive profit taking, if not outright shorting. I don't much like their funnies. 145% of nothing is still nothing, federally mandated filtering doesn't have a snowball's chance, and NetTV has to compete with much sexier sub 1K PC's. A lot of small caps love to run up into earnings and then collapse after great news. I guess that's where "buy the rumor, sell the news" might come from. Today's gap is one I would expect to see filled pretty soon, unless one of the TA experts here says otherwise. Alski