MASTERING
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TECHNICAL
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9/16/98 YAHOO
(YHOO)
Points to Watch: Double top formed in
YHOO during July-August period. Recent rally has been stopped twice by strong resistance
at 84 1/2-85. OBV did not confirm late August price rally to second top. Failed rallies
have occurred in %R and RSI during move up from 70 to 85. We would use any close below
fibonacci support at 81 1/2 as an opportunity to initiate new short positions. Place a
stop at 86 3/4.
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Last modified: April 02, 2001
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