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

AMZN 234.70

-1.2%

Nov 14 9:30 AM EST

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To: CoffeePot who wrote (33738)	1/8/1999 10:18:00 PM
From: Peter J Hudson	Read Replies (1) of 164684

TA folks help, I remember a technical analyst interviewed on CNBC, it may have been New Years Eve or a day before, that said there were two ways to identify market action that indicated a stock had reached it's top. He was a mature gentleman that made reference to market action going back to the early 60s. One of the patterns indicated that the stock would retreat in a gradual stair-step fashion. I don't recall the indications for this gradual retracement. The other indication that he said was easy to spot and he'd seen it many times, was a one day move on big volume that took the stock to new highs and then ended the day with no gain or a loss. He said that this indicated a rapid crash in the price of the stock. I'm curious if anyone else caught the interview. I wasn't paying close attention and may have the details wrong. I think this guy was from Florida. He was particularly low key, but very matter of fact. The AMZN action today is exactly what he described. Does anyone remember this interview?? Pete

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