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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (27897)	9/29/1999 6:44:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 99985

<i don't have to be right every time, in fact being right one out of three times usually is enough to wind up with a decent profit since the stocks always move big in a relatively short time.> I am not surprised to hear we have different timeframes. It would be surprising, after all, if we don't get at least a minor pullback on amzn tomorrow. In fact, the stock was down 3/4 of a point in after hours, the last I heard. I am buying for the intermediate term (through the New Year), with the possibility of holding LT, depending on how things unfold. As I indicated earlier, I consider this to be the beginning of a major leg up, after amzn consolidated for the last 5 weeks. My conservative price target for amzn 1/1/00 is 100, although I wouldn't be a bit surprised if the stock significantly exceeds that by the New Millenium. As always, good to exchange views with you. Regards, Rob