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Strategies & Market Trends : The Millennium Crash

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To: Moominoid who wrote (3736)	10/27/1998 9:17:00 PM
From: Thomas C (Hijacked)	Read Replies (2) of 5676

David Stern and others. Are you sure that the correct analysis of Amazon is a flag? Looking at the weekly prices on Amazon I see a Rising Wedge which Edwards and Magee discuss also. In fact I also see a Rising Wedge on the DJIA and it appears we are soon to break out of the wedge on the downside which is consistent with the formation. Magee says once prices break out of the wedge on the downside they usually retrace all the ground gained within the wedge and sometimes more... Also in the last 8days prices on the djia I see a descending triangle which is bearish. tc

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