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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 222.48

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To: Oeconomicus who wrote (14798)	8/27/1998 1:54:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Glenn, you bought S&P 100 calls, correct? If you believe in such things, take a look at the chart patterns of the OEX and SPX - extended left shoulder this spring, head in July and right shoulder just completed with necklines broken today. On the SPX, that would project down to about 940 for a 20% correction from the top. Personally, I'm always a bit skeptical of such things (some people manage to find H&S patterns in everything), but it's worth considering. Bob, I did buy the calls. I did look at the charts but am playing a one day trade if possible. I was positive for a while but did not take profits. Now negative a bit. I was hoping for a strong market finish and still am but do not wish to hold the calls over night. Glenn

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