SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Roger's 1998 Short Picks

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mike M who wrote (12620)8/12/1998 1:55:00 AM
From: Tenpole  Read Replies (1) of 18691
 
the bounce before the slide continues

Apologies for the loose terminology!

It was strong up to a point - it seems that each rise is being met by quite a lot of selling. Previously, the momentum had AMZN closing at or around its high while it rose. 3 of the last 4 days have seen it come back from the highs due to some selling pressure.

Also, there is a little bit of resistance at these levels. Allowing for the general decline in volume over the past couple of months, I'm looking for it to try to find a top to this rise soon.

T
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext