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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX) -- Ignore unavailable to you. Want to Upgrade?

To: J Gunn who wrote (164)	1/30/1999 2:23:00 PM
From: MeDroogies	Respond to of 1983

Hope you're right...it's the correction I've been waiting for to jump in on....

To: J Gunn who wrote (164)	1/30/1999 5:53:00 PM
From: Mark[ox5]	Read Replies (1) \| Respond to of 1983

I think the short term trend is up, as long as the market is stable. Im not a great charter or anything, but if you connect the highs on a chart of Jan 20, Jan 21, and Jan 28, you sort of make an upward resistance line that MFNX has not been able to break until Friday .. Also you have had higher lows of the day the past few days which is a positive.. There is major support at $42 and good support in the lower $44 level... the question is can MFNX attract enough buying at $50 to push it through that psychological barrier.. if yes, than MFNX is poised for a good short term run ... Mark