Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.53

-0.8%

Feb 3 4:00 PM EST

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To: Clint E. who wrote (19554)	1/22/1999 4:09:00 PM
From: Iris Shih	Read Replies (2) of 70421

Clint, Today is a very important day for yhoo and amzn longs. They both bounced off their MA(50) twice for the past two days. Remember your magic number yhoo:250 and amzn: 100. They hold up well with amzn's upgrade. Smart shorts will need to cover here. Stocks don't go straight down 60% in a week. They will bounce a while and attract more shorts. What an exciting day! I need to study their movement more closely. PS took loss on lu today. Don't know if I ever want to get in it again. Tell me your thought after you go through their cc. Thanks. Iris

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