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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: John Post who wrote (12405)	1/7/2000 8:25:00 AM
From: Don Pueblo	Read Replies (3) \| Respond to of 63513

Go to the AMZN daily chart (linear, not logarithmic) and draw the long term trend line. Note that the trend broke. Look for the top (the high spot price wise on the chart), and draw a vertical line straight down on that day. Note where that vertical line intersects the long term trend line. Take that number and subtract it from the top. Then subtract that remainder from the same number (the number where the vertical line crossed the trend line)...that's a good guess for the bottom. amazon.com Keep in mind that this is a FILTER, it does not 'always' work. My guess was based on fundamental data also, I assumed that people would bail out of the stock. I don't put many calls on the Internet. Three or four in 1999. The best one was the call I made on that top on CAMP at 19 1/8. That was bitchin'. But that is not the trick. The trick was shorting it at 74 7/8. That's the part I ain't tellin'. <GGG>