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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: SkyDart who wrote (19903)	2/10/1999 3:05:00 AM
From: Howard Hoffman	Read Replies (1) \| Respond to of 27307

I use the classic, "Technical Analysis of Stock Trends", by Edwards and Magee (Seventh Edition, even includes a section of charts of Internet stocks, including YHOO: page 662 looking at late '96, the book says "If Yahoo! can attract enough investors,this price has the potential for a dramatic increase.") E&M refer to a wedge as a converging pattern where the top and bottom are both upsloping or both downsloping. They refer to a variety of triangles: symmetrical, right-angle, descending, ascending. E&M say that a breakout is confirmed by a 3% move. The breakout Tues was to 140, when YHOO should have closed at 147 to hit the bottom trendline. 7 = 5% of 140. YHOO triangle is closest to a symmetrical triangle, but top has been falling at a faster rate than the base. We shall see.