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Hello out there stock trading fans. Nice spike up on the big board today. We are still in a tight trading range
on the S&P, and the DOW. We are close to resolving the apex formation that has been created here since
April on these indices. Today action and strong close would suggest that we are close to resolving it to the
upside.
For those of you who are more active on the computer with good charting programs, please draw your trend
lines and you too will be set to move accordingly. I must divulge some insight that I have learned over the
years at this point. When a trend line is broken, such as the one we broke this week on the NASDAQ, or any
trend line that is broken on any stock, we get a power line. The more power that is shown as the stock goes
through that trend line, up or down, the more convection of that new trend or direction. So, as the NASDAQ
went through the trend line on Monday there was little downside action. Back in October 97’ when we went
through the support lines we shot through the line with such power it was incredible. Back then, you knew
we were going down in a dramatic way.
Even though there are still many negatives to look at technically. There is still a lot of money chasing good
stocks. I see VISX just exploded today on the upside +6 points to$52 and braking out of a nice 4 week base
on 5 times normal volume. This stock is probably the best acting stock on the NASDAQ at this time.
Nordstrom that I gave to you 10 days ago also broke out today on news of a 2/1 stock split. The base here
looks similar to the one that Lycos (LCOS) had before it broke and ran. I can assure you that this is no LCOS.
If this market can right itself and get under way, it looks like the big board stocks may lead as they are not as
extended as are the small cap companies, and their chart patterns are not as broken up as are the small cap
stocks. It also looks like some of the same groups could lead us again. The Pharmaceuticals and Lucent
stocks.
On the positive side of things, long term interest rates are down again and the market is deeply over sold. So
there is some possibility that we could get a pop here and it may have started today. Let’s look for power as
we go through one of the trend lines.
Here’s an update on some stocks that look interesting.
Wonderlust Interactive (LUST) 3 ½

Went to 3 ½ last week. I gave this one to you for many months to look at around 5/8.
Beverly Hills Country Club (BHCC) $20

$13 to $20 in 2 two days. May have more to go. Active traders only… Golf anyone?
IATA Multimedia (IATA) - $9

Earnings just out and huge revenue growth. May need a longer rest. Into software.
Coke (KO) - $79

Just starting to move and has a big impact on the DOW. Big cap lovers can step in here. Just starting to exit a nice 8-week
base.
RADAF - $19

Starting to move again and volume picking up. I sure hope that three times is the charm. Buy point is $21
ABTX - $17

Nice rest and still looks to move here any day. Don’t lose sight of this one. Not in a sexy business but could go to $30 in a
hurry. Buy point is $19.50.
ITEG - $1 7/8

Has very hot technology and I will soon meet the CEO to get the scoop. Stock looks to be turning here and I would not lose
sight of it.
Well that’s it for now folk’s. I will have an update for you if something happens during the week. As usual I
will have a letter to you Sunday evening.
Thank you,
Dan Zanger
zangdan@ix.netcom.com

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