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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST

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To: Alan Newman who wrote (8563)7/2/1998 12:30:00 PM
From: Tenpole  Read Replies (2) of 164684
 
A Shooting Star is a Candlestick term (an old Japanese form of chart analysis) that is bearish in an uptrend (which is where we are now). The shadow marks the trading range that is outside of the O/C price movement for the day. Here it may show that for as many buyers that were out there, the sellers came to meet them and the higher price couldn't hold. Then again, it may not.....

Steve Nison wrote one of the more open books on the subject (Japanese Candlestick Charting Techniques), available from all good bookstores. Oh yes, and Amazon.....

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