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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Marconi who wrote (13244)8/30/1998 12:08:00 AM
From: virgil vancleave  Read Replies (2) of 18691
 
Looks like a left shoulder around july 6, head slightly above the right shoulder on july 19, and a right shoulder which did not quite get as high as the left shoulder around august 20. neckline seems to be around 105, which is about what it closed at. 50 day moving average has now been broken and if trend continues, i would expect the 200 day moving average to be tested. It is at around 60.

This is what I see in the amzn chart. Just want to say that I have no position. No shorts available and I wouldn't be caught dead owning it long. And the puts are too expensive.
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