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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.37+0.2%Dec 2 3:59 PM EST

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To: Rob S. who wrote (13476)8/13/1998 6:25:00 PM
From: Tenpole  Read Replies (1) of 164684
 
Rob,

Intraday chart was sound for a top and the daily was a good (but not great should have been a bit higher) shooting star. Interesting thing is that a line from the previous two closing highs was the high of todays trading range. I thought that we'd see the resistance there but instead it lacked even the strength for that...and the reasonable volume supports the position.

All in all, triple top has formed (as long as tomorrow confirms), RSI, stochs, price/volume - all seeming to suggest the top. I'm going to retake a short position tomorrow and look for 110.

Enjoy.

T
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