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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?

To: Brewmeister who wrote (2618)	9/27/1998 4:23:00 PM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 4613

Dan: Just for fun consider this: Recall the recent oversold events: 1st the $25 3/4 closing the day the DOW crashed 500+ point and $24 1/2 the day Starr report sent to Congress. Since those two events CBS stock has tried to regain twice times and both times ran into apparent profit taking. For example: $25 3/4 to $27 9/16, profit taking crushed 'her' to $24 1/2 $24 1/5 to $28 5/8th, profit taking crushed 'her' to $25 9/16th. Thus, if 'she' could again try to regain to say $29 1/4 couldn't again profit taking come back ? So could one thus trade based on a pattern of ups and down ? Thus if 'she' hit $29 1/4 from here ($25 9/1th) could a re-entry at $26 3/4 be possible assuming a pattern of profit taking continued ? Thanks