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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: SkyDart who wrote (7439)	8/5/1998 10:26:00 PM
From: SkyDart	Read Replies (2) \| Respond to of 9343

Looks like the Bottom. Nice Blowoff with Reversal. The drop now is almost equivalent in absolute dow points, relative strength oversold degree, and near the oversold MACD degree in prior drops [notably the Oct 1997 and July 1996 corrections]. We even have the necessary pessimism required to fuel the next advance [ie Acompora, mixed analysts etc.]. The stage is set for the next advance. SEEK held up great in the 1000 point slide, and should be one of the biggest winners in the rebound. IMO we had a somewhat unclassic but effective selling blowoff today with a closing reversal in the overall market. A very good technical sign. Did anyone notice that on CNBC, Bob Pisani noted a ton of orders to Market Buy at the Close? And judging by the catch up of the ticker after the close, running the dow up another 20 points, there were a ton of them... Predict a gap up tomorrow of the market and mucho point rise [200+?]. Sold all puts today and am long again. Hope Monica won't spoil the party. GO SEEK! Jeff