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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (69474)7/25/1999 3:36:00 PM
From: TATRADER  Read Replies (1) | Respond to of 164684
 
LG, see your rising wedge..looks like wedge is giving short just below 125-126,bit higher than I thought she would go...Anyway, for any little guy who is long this stock, my read is take your profits home to the bank on these bear runs back at 140...Any TA person knows we are finishing up the right shoulder...It always seems the fund managers get out before the little guy..It's time to turn the tables..Let's let the fund managers holding the bag once, not us little guys...
The neckline at 100 is going to be broken within the next 6 months..Wall street is getting tired of this stock and its failures...1 more interest rate hike, or another disappointing earnings and the downside acceleration under the neckline at 100 will take place..
Right now we are in sideways action between 100-140...We all can play this game long or short for a while yet...