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To: GalSal who wrote (18717)	5/26/1999 4:15:00 PM
From: Probart	Respond to of 41369

Merrill techs say a couple days rally then downturn again. eom

To: GalSal who wrote (18717)	5/26/1999 4:25:00 PM
From: trouthead	Respond to of 41369

I don't think this is a real rally. It is a nervous reaction to a nervous over-reaction. There was no reason for such a big selloff in the inets. But then there is little or no reason for the high valuation of many of the inets. This sittuation creates many exaggerated swings. That's what today was. An exaggerated "swing correction". The real rally will begin about 3-4 weeks before summer earnings begin.

To: GalSal who wrote (18717)	5/26/1999 4:33:00 PM
From: Smart Investor	Respond to of 41369

It is a technical reversal of the last hour sell-off during the last few days. Therefore, it is a bullish signal to me.

To: GalSal who wrote (18717)	5/26/1999 4:40:00 PM
From: Dennis J Baltz	Read Replies (4) \| Respond to of 41369

Sally To early to tell if it's a rally. Based on today's activity, it looks like a duck but we'll see if it can quack like a duck tomorrow. This coming Friday's low volume may reverse the trend back down as people may want to cash out over the long weekend. It's funny, analysts have been tripping all over each other to proclaim the bursting of the Internet bubble. The rush was on to dump the Internets in every category. It should be noted that the recent trend for Internet stocks is for a +75% to +100% rise and then a pullback of -35%. This cycle has repeated itself several times. HOWEVER, the pattern could break at any time and this could be it. Currently Internet stocks have dropped -25% to 35% from their recent highs. According to the pattern we should have seen a bounce soon. But with the current strongly negative outlook who knows? Remember, the trend is your friend and until we see a new positive trend caution is recommend until it actually does reverse.