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Technology Stocks : eBay - Superb Internet Business Model
EBAY 85.36+1.1%Dec 12 9:30 AM EST

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To: Daniel Simon who wrote (1679)2/12/1999 2:06:00 AM
From: Howard Hoffman  Read Replies (1) of 7772
 
AMZN vol = 50% closed above neckline. If up again tomorrow, this may have been a false head & shoulders. If AMZN closes below significantly below 106 tomorrow or soon, then I say it is headed much lower

AOL vol = 80% chart could be considered to be forming right shoulder of H&S with upsloping neckline

ATHM vol = 125% could be forming right shoulder of H&S with downsloping neckline -- very bearish volume much lower than left shoulder and head volume

CyberCash (CYCH) vol = 104% confirmed H&S with neckline at 15 - this would be return to neckline (ideal time to buy puts or short) CYCH is another stock, like YHOO, with big SoftBank ownership

EGRP vol = 150% forming right shoulder with upsloping neckline around 40 (typically volume not heavy in forming rt shoulder, but my vol figures are from pointcast, which goes back 50? days. Based on last 20 days, vol = 100%)

LCOS vol = 165% but actually much lower than vol the past 10 days due to merger announcement. Forming right shoulder with upsloping neckline

VRSN vol = 180% with the strongest chart of any e-stock I follow. Close to all-time high

YHOO vol = 55% Not in H&S. Today brings trend back into triangle formation, having spent two days just below bottom trend line. Back below would be bearish. Could go either way

Summary: Still a lot of very weak charts within the sector. Volume today unimpressive. Expect lots of market orders at open tomorrow. Could be a great shorting opp or could be a great bear trap. Wish I knew.

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