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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Kathy Riley who wrote (21474)	7/31/1998 4:38:00 PM
From: Ken Salaets	Respond to of 31646

Sounds good to me, Kathy. Good weekend to men and women of good will. K

To: Kathy Riley who wrote (21474)	7/31/1998 6:24:00 PM
From: Karl Drobnic	Read Replies (7) \| Respond to of 31646

Kathy: Caution. The decline looks like professional shorting to me. They are psychological terrorists. For example, three MMs align. #1 sits just below the previous day's high and absorbs all buy orders. As soon as buy arders are all filled, #2 sells stock to #3 at the bid. #3 quickly lowers the bid and sells at the lower bid to #2. Meanwhile, #1 is sitting above absorbing any real buy orders that come in. The resulting pattern is lower highs, lower lows and lower closes - a bad techical chart. Then they take some profits (covering) knowing the stock will pop up. Once up, they try to drive it down again, creating crushed hopes and a selling climax. Knowing what to watch for reduces the terror they try to engender.