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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (21351)	6/4/1999 11:03:00 AM
From: tech fool	Read Replies (2) \| Respond to of 67886

I'm thinking final capitulation of 1st tier nets (CMGI, AOL, YHOO, EBAY) is on the horizon. The 2nd and 3rd tier have been hammered badly and the bullish percent chart for the internet index is 24%. When it reverses up from down here it will signal a strong buy. Some of the 2nd tier nets have based and are making higher lows on rising RSI (RNWK, VRSN). Still cautious here as DOT and IIX are resting on the precipice -- these index levels are developing a greater importance each day.

To: Clint E. who wrote (21351)	6/4/1999 11:10:00 AM
From: shasta23	Read Replies (1) \| Respond to of 67886

HI CLINT! Most of the moves in stocks seem to be on low volume today and i don't trust them at all and will stay out. A lot of stocks on my watchlist are already way off their initial highs and the NAZ is still +40. But it feels like profit taking under the surface. Well, i gotta go to work now and wish a nice and relaxed weekend. Stefan