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Wednesday, October 18, 2000: Like
semiconductors, internets had initially started
looking for weak support, then broke through (to
create lower and lower 52-wk lows for 3 weeks
now) but we currently have much stronger bullish
signals in this area as well. This, combined
with the strong demand base supporting the
sector as it tried to sell off this morning,
mean that we are very near a bottom in this
sector. For those who believe in the future of
the industry over the long term, these are great
levels to start getting in.
Wednesday, October 4, 2000: For
those easing into internets, keep in mind that
the internet B2B stocks are not in a bear phase,
while the pure internets are, so B2Bs (arba,
cmgi, cmrc, etc.) will likely have bigger moves
on the upside, and hold up better on the
downside. We got further verification on this
signal today.
Tuesday, October 3, 2000: Internets
look like their finally trying to form a bottom
and make a move back up. Looks like either a
weak buy for tomorrow or a strong buy in a
couple of days. I would ease into it slowly,
starting tomorrow (as we're still not perfect on
reading these, and we didn't quite get what
would be a full-fledged buy on the
sector).
Monday, October 2, 2000: Firming up
for a buy signal. 13/16 stocks in the sectors,
respectively, have bullish signals. No buy yet
though.
· November
2000
· October
2000
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September
2000
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August
2000
·
July
2000
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