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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 210.32-5.5%3:59 PM EST
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To: Bill Harmond who wrote (57158)5/17/1999 6:46:00 PM
From: pater tenebrarum  Read Replies (3) of 164685
 
William, an engulfing pattern means that the intraday low was lower than the previous day's intraday low and the intraday high higher than the previous day's intraday high. when this occurs in a downtrend, and the close is above the previous close, it is a very powerful bullish reversal signal. if you look closely at the AMZN chart, you will note that the recent downturn in fact started with a bearish engulfing pattern.

regards,

hb
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