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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (22854)	1/22/1999 11:23:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

ON Yahoo--Kensey.... : As close to the 50 day EMA as we are likely to go .... (Long Recommendation) YHOO at the 50-day EMA. Sure. That is not a problem. The only other such time YHOO dipped below the 50-day EMA was in September. This came at the tail end of an extended base when the MACD lines actually dropped below the center-line. So what's in store here? Whenever a stock comes off a top as hard and as far and as fast as YHOO has the rule of thumb is that an 8 week base follows. This seems more than likely here. However, I think this is a stock to own going foward. An article in the Wall Street Journal pointed out yesterday that more funds are starting to buy internet stocks. When a fund has on its radar screen that hits the 50-day EMA, they sit up on their haunches and buy it. Buying some here in the mid 260's. Early trade saw the prices hit the 50-day EMA and bounce. I'm expecting this line to support the stock. kensey

To: IQBAL LATIF who wrote (22854)	1/24/1999 9:46:00 PM
From: Jerry Olson	Respond to of 50167

IKE my current read...see you in the morning...... Talk : Futures/Commodities : Systems, Strategies and Resources for Trading Futures \| Previous \| Next \| Respond \| To: Tom Trader (13554 ) From: Options Jerry Sunday, Jan 24 1999 8:25PM ET Reply # of 13573 HI TT Chip SE et all... just updated the SPX-OEX-DJIA... SPX---1225....MO NEG...1210 support, 1205 a double bottom sell signal, next hard support at 1185-95... for the SPX to reverse up,. we would have to print 1235, this would give a 3 box reversal up, and change the current trend...from the current level... OEX---610---598 is a double bottom sell signal, with support at 588-592, after that Qien Sabe"<g>... DJIA--Alert MO NEG...9050 a double bottom sell signal, there is multiple support at 8900 down to hard support at 8750-00...we could see this...quickly...i would be a buyer at this level... each chart has the look of rolling over and down, making lower highs and lower lows...the formation has not been completed in my opinion...on any of these charts...according to P&F...there's more downside...if the NYSEBP the BIG indicator turns neg, i;m gone!!!! my feeling is if they blow off the Clinton Impeachment Wed Thurs, THAT would be the catalyst for a major rally...and we should bottom right before that...i'm currently holding Feb 600 puts.... anyway i sold almost all of my positions on thurs & fri...looking to sell naked puts on some major stocks when this reverses... there has been alot of selling into strength lately, however mucho bucks out there on the sidelines...looking for a home... the internets are in play again..large....!!!!!...:>}