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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (18836)	12/14/1998 9:17:00 AM
From: bobferg	Read Replies (1) \| Respond to of 69096

Good Morning Jim, and thanks for your rate/market views. There are only a handful of internet names I would even consider trading, primarily AMZN, AOL, EBAY, INKT, and YHOO. I am not making a valuation case for them, there is no case to be made of course. But they do offer liquidity and the momentum is there so I look at them each night. AMZN looks like a bull flag within a bull flag, a trade above 125 may get it going. AOL is fighting to hold it's uptrendline, looks a little rough right here. EBAY and INKT are both parked on downtrendlines within their corrective patterns, not much oomph required to take out these trendlines upside. YHOO looks like a little upsloping head and shoulder top to me, will wait to see how it plays out. A couple of stocks I'll be watching today are TXN and INTC. TXN held a trendline Friday, that line comes in today at 78 1/2ish and if it looks like it wants to hold around there I'll buy it. INTC trendline comes in down at 112ish and should provide some bounce I think. These two stocks are basically the SOX index so they need to hold support. Re Clinton....don't get me wrong, I like they guy, he is a very likable personality. But IMO the bull market of the 90's is more a product of the peace dividend combined with basically gridlocked government (control of Congress and White House split between the two parties therefore keeping each party's extremists at bay) than the results of Presidential efforts...if Clinton goes then it gives us more time to endear ourselves to Gore and maybe we vote in more of the same in 2000 ie Democratic White House-Republican Congress :)