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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: ahab who wrote (21023)5/10/1999 11:15:00 AM
From: Robert Graham  Read Replies (1) | Respond to of 42787
 
Looks like the NASDAQ gapped open. EBAY and EXDS is following and holding their own so far. Some follow through on both stocks but no good breakout yet. EBAY looks to be in best shape. Tentative market gain.

I looked again and saw NASDAQ pulled back closing its gap and then started to move up from there. Lets see if there is follow through. DJIA in a downward congestion pattern periodically testing support. S&P 500 pulled back to test support and has not followed through.

I think we may have to wait for 1:30 PM to see anything more from this market.

**Update**

Looks like the NASDA made its move to a tentative breakout as it followed through from its bounce. But both EBAY and EXDS have not followed. Considering this and the time of day, I would not place much confidence in this intraday breakout. Lets see what happens in the afternoon session.

Bob Graham