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Strategies & Market Trends : Waiting for the big Kahuna

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To: Moominoid who wrote (32742)10/29/1998 9:46:00 PM
From: bobby beara  Read Replies (1) of 94695
 
>>The chart looks somewhat analagous of the beginning of the July rally.<<<

David, I get a projection of 195 on the Amazon chart if this is the case.

I can count five waves on amzn to 10/27 besides ebay, however the correction in the last couple of days could be it and up and away.

This period is reminding me of the february/march period last year when the indexes were overbought 70 plus rsi for the whole period.

I guess it may take 6 months to work off the "crash of 99" cover the way it did for the "married to the bull" cover in april

bb
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