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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts. -- Ignore unavailable to you. Want to Upgrade?

To: iowamann, Spam Queen who wrote (346)	8/11/2001 3:49:33 PM
From: eichler	Read Replies (1) \| Respond to of 2290

I-Mann, I was just thinking what a perfect X-Mas gift that Bob-O-Matic...is that mail-order only? ggg Actually, on the E-Bay...I just checked the Eichler-Files and found that the 60 min chart has a bullish flag pattern which could break to the upside perhaps testing first target of 62.75 (ma X-over) and then 64.75 (ma X-over)...stochastics in oversold support that idea. I'm also thinking that for reasons of negative daily and weekly chart...it would be best as a ST play only unless those charts can improve their appearance on the back of a ST rally... home.earthlink.net Daily chart pattern looks ugly: home.earthlink.net Stochastics headed down, uptrend broken back in late June, early July. Fib retraces are yet to be fully re-tested and price is now in a wedge/triangle price consolidation pattern. ADX D-,D+ threatening to cross down. Also, price trading below the 30ema I consider negative as well. Although that price consolidation of the last couple months appears as a falling wedge of sorts (bullish), the entire chart is suspect and should be played with caution and tight stops IMO. home.earthlink.net Weekly chart also negative with stochastics heading down and D- above D+ on the ADX. From a risk minded point of view, I think it is riskier to play a deteriorating chart from the long side as opposed to picking shorting opportunities and playing from the short side. I think the very best kick-a$$ plays are when all the charts and indicators are all lining up together in agreement. Certainly, with ST chart indicating the possibility of upside potential, you could play this long and maybe make money...or, the daily could simply continue to deteriorate and fully test that 38% retrace, followed by the 50%, 62%, etc. I've come to respect your logical calls and realize you might generally play something like this only very short term, so I suspect that it could rally, but looks risky enough to warrant extreme caution. Best, Eichler

To: iowamann, Spam Queen who wrote (346)	8/12/2001 12:28:18 AM
From: mishedlo	Read Replies (3) \| Respond to of 2290

Long term Ebay will take a 70% hit. You can take that to the bank. Its PE is totally abusrd and it is just this years "darling" no more no less. Last year it was Gilder darlings like PWER that just kept going going going. When it cracks it will not be pretty. Down 20 points in a few days on ANY sign of weakness. Other than a reasonably strong chart(but obviously weakening IMO) what do you like about EBAY. How much more upside is left on a PE of 260 or whtever? I just closed my EBAY puts for a profit so another absurd runup would be welcome. BUT the 13 EMA is about ready to cross the 50EMA. If and WHEN it does(and it will, it will fall to the 200 EMA) in a hurry IMTO. I expect a bounce off the 200EMA just before all hell breaks loose. I intend to be short EBAY when it happens. M