Tuesday, August 22, 2006

Watch List - AKAM, TZOO, EBAY

AKAM appears to be forming an ascending triangle. Long on a break of $39.00. Target is a retest of the $40.00 area and hopefully a successful break of the triangle pattern.

I took TZOO off of my short list of usual suspects about two weeks ago. Big mistake, good things come to those who wait. The shorts got squeezed today and we may have a double bottom.

The internet sector looks poised to break higher and EBAY may be in the mix this time round.

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