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jenna

07/08/02 3:40 PM

#6350 RE: jenna #6349

YHOO took out the rising 200 period moving average (12.92) on the 5 minute chart, possible area of a bear flag move but I would expect YHOO to move below 12.85 and head lower as the report nears. I make it a habit not to look for longs on down days and not to look for shorts on up days (like Friday).. It was enough to hold puts and have them work for you. I noticed traders trying to short Friday's market only to get killed, and trying to go long today. BY moving against the trend you end up BUYING or SELLING SHORT the small "bull and/or bear flag" rallies which are "bull traps" today and were "bear traps" on Friday.

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jenna

07/09/02 11:52 AM

#6366 RE: jenna #6349

List is going the way I like.
http://quote.yahoo.com/q?s=chbs%2Cebay%2Cwbsn%2Cpwav%2Cnmtc%2Ctyc%2Csmh%2Cabx%2Crmbs%2C+tyc&am... The best is the further collapse of the semiconductor sector and the continued rise of the GOLD sector. with TYC caught somewhere, not assured to actually hold this baby. With CHBS, looks like the retailers are doing well and that might bode well for HELE.

With now WBSN falling immediately at the open, it was a short below yesterday's close. Might try to stage a recovery today, obviously down in sympathy with RETK and with a P/E of 88 and P/S of 12 it still has its work cut out and for the first earnings season its good to be short WBSN before the report. (July 23 we might of course expect some upside but the day is young)