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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: Anaxagoras who wrote (4431)	12/9/1998 12:08:00 PM
From: James H. Irwin	Respond to of 8307

XMCM starts trading

To: Anaxagoras who wrote (4431)	12/9/1998 12:20:00 PM
From: Norman Klein	Read Replies (3) \| Respond to of 8307

<<FWIW, the bollinger bands are the tightest they've been in weeks. >> Unfortunately, according to the schochastics it appears that it will be a downward movement. Just got out and looking for another re-entry point.

To: Anaxagoras who wrote (4431)	12/9/1998 1:15:00 PM
From: Elllk	Read Replies (2) \| Respond to of 8307

Anaxagoras Since you are now in the Egghead camp, I am going to give you the benefit of my new prediction. In Sept I posted my prediction on a more TA oriented thread and got no reaction. I pointed out that I was not using TA but rather, PA, or Political Analysis, of the stock market. I said there would be a rally at least through the November election because the FED, Wall Street, and big money were behind Clinton and would want to maximize his approval ratings (known to follow the economy and stock market) to help elect his supporters in the election. While my prediction came true my guess is that many of the TA people, if they noticed or remembered it, would say my reasoning had nothing to do with it. We have now, however, a very good test in the next week and a half. On the same basis as going into the election, the powers supporting Clinton will rally the market into the vote on impeachment by the full House of Reps (the vote being likely to take place a week from this Friday). Rallying to a new high at least. Again (as in the fall), rallying the market to maximize Clinton's approval ratings and put maximum pressure on House members as the vote takes place. I would expect the internets to do very well in this rally and EGGS even better if the earlier comment about the new web site working very efficiently, while other etailers are having trouble with their sites, is accurate. This past year has, in politics and stock market developments, been mind blowing. Clinton, whatever you think of him, is certainly a very unique individual and has a fighting chance to come out on top in the House impeachment vote. Especially with the Street, etc., behind him. If he does, it will be one of the few instances of One of a Kind beating a Full House. And that would add even more fuel to the rally, at least in the short term. Larry