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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jill who wrote (4519)2/1/2005 6:22:18 PM
From: Venditâ„¢  Read Replies (1) of 8752
 
Jill,

Is that ebay or fleabay? <g>

EBAY is still in a downward continuation trend. The black candlestick formed today will assure that more selling will carry through into the open tomorrow and likely the trend will stay in place for another few days to a week or so.

The bottom is going to be near $75 and expect the turn to be slow once the stock reached that level.

This is a one year chart / weekly time-frames:

139.142.147.218

You can see that EBAY has lost 25% of its value in the past three weeks. You can also see the line of lower support formed last July - August. That is your target.

The three month daily chart shows a slide down the lower channel line. Still very bearish.

139.142.147.218

Reid
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