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

To: AugustWest who wrote (13800)	9/15/1998 9:39:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 27307

Gus, uptrend? I don't think so. The daily chart is showing a bearish flag. It also failed yesterday to surpass last week's high and a shorter term, 10 day chart shows a possible head and shoulders which would be confirmed by a break of support around 75. The volume over the last 10 days also fits the H&S, with highest volume on the left should two weeks ago, a bit less on last week's rally, and still less yesterday. A move back into the low 70s would also be a break from the flag. At a minimum, a break below 75 should continue down to test the 9/1 lows. Just my fast and loose TA opinion, of course. Now, on the fundamental front, all is not well either. Page B8 of today's WSJ reports on NBC's aggressive promotion plans for Snap!. Time Warner is going after e-commerce biz too. These are the real media giants. Yesterday, we heard about MCI killing Yahoo! Online. That was big news back in January, stopping, in fact, the decline that began with the new year. Also, Yahoo Finance has pretty much sucked lately, with unreliable quotes, crashed servers, etc. Anyone else notice that, for some reason, Yahoo has lost the ability to provide the S&P 500 in real time? Did it cost too much? Can't they afford to pay S&P a few bucks? I think I'll give Snap! a try. Regards and the usual "BWDIK?" disclaimers, Bob