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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: Michael Collings who wrote (13095)7/28/1998 2:13:00 AM
From: Stanisav Richter  Respond to of 27307
 
Truly a wild ride on Monday. Down volume was building and accelerating and then the party started. Rally quite narrow, however. Tonight, S+P futures have trended downward to slightly negative on Globex. NASDAQ 100 trended down but remained slightly positive. I'm not sure what to make of the Dow chart - a hiccup towards a bubble or a double top.

If I had looked at German prices after my post monday morning, I might have seen the rally coming with good buying strength coming into Frankfort after an initial downtrend. I don't know who Monday's ride should give comfort to - probably nobody.



To: Michael Collings who wrote (13095)7/28/1998 5:15:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 27307
 
I think the correction has just about spent itself. Few new lows today on the list I follow the most closely, and the semiconductors are plainly breaking out.

In addition, his is the fourth leg down for Yahoo during the past week or so. The first was the steepest, then the second less steep, then the third more shallow than #2, and #4 more shallow still. I think were just about done, baring any market-clearing day(at the end of which I believe Yahoo would close on a reversal high). I am very bullish. I think it has been right not to sell.