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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.66-0.1%Jan 16 4:00 PM EST

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To: Clint E. who wrote (21873)7/5/1999 6:43:00 PM
From: Iris Shih  Read Replies (2) of 69866
 
Clint,

Thanks. Etys has been building a beautiful base around 38~41 for quite a while. Just as it's starting moving off its base with good volume, lets see how the barron's negative article can damage it.

Last time barron's bearish article on amzn marks the short-term bottom for amzn, I am going to see how etys acts this time. Will put tight stop on it though. Like you said too much overhead supplies await to get out, same goes those internet leaders, ie yhoo, amzn, aol... Unless we get good, solid earning surprise or exciting news from them.

Look at those new ipos. MMs have less efforts to move these issues up.

Iris
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