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GOOG & YHOO above resistance B/O


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#1 Trend-Signals

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Posted 03 April 2007 - 10:44 AM

GOOG,YHOO - internet stocks are showing good gains. As noted in premarket, GOOG is trading above 465 which is a bullish sign.

Also, Ebay is trading up 3% at the moment, AMZN, YHOO, Bidu, etc are showing good price movements.

GOOG & YHOO broke above resistances.


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Markets have broken above the intra down TL, e.g. Qs 43.90 +/- and SPX 1430 +/- as shown on the 60m charts. Now, SPX traded to SPX 1439 +/- which is the rally which we have seen before the recent "consolidation period". SPX 1440 is the next resistance.

I noted that market participants are sitting on cash looking for a directional confirmation OR holding on to shorts from the 2/27 sell-off waiting for a further pull back. Therefore, it will likely trigger more buying-pressure when resistances are taken out.
http://www.traders-t...showtopic=68560


http://www.stockchar...32402&r=123.png
http://www.stockchar...40485&r=426.png

Edited by Trend-Signals, 03 April 2007 - 10:46 AM.

Market Timing ... Trend-Signals.com

#2 Trend-Signals

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Posted 03 April 2007 - 11:17 AM


EBAY is about to breakout.


http://www.stockchar...68161&r=443.png

Edited by Trend-Signals, 03 April 2007 - 11:18 AM.

Market Timing ... Trend-Signals.com

#3 vitaminm

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Posted 03 April 2007 - 12:20 PM

TS, What's your TS ( ST/LT) on OIH?
vitaminm