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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (772)	1/15/1998 9:04:00 PM
From: TATRADER	Read Replies (3) \| Respond to of 18691

Roger, AMZN is approaching the top of a rectangle pattern, 65 by 45....If it makes it to 62.50, I'd be surprised....If I did my full due dilly on this one, and still liked it, I would short in the 60.00-62.50 area, with buy stop cover at 66.00.....IMHO, it is just about out of gas technically....Regards, Mark P.S. The ultimate oscillator was in a bearish divergence with price today...Oscillators are very good pre-callers in sideways markets(like we have with AMZN) or in mature trends...... P.S.S. Fast stochastic 9 day has reading of 93, very overbought... P.S.S.S. Simple volume oscillator has bearish divergence with price... P.S.S.S.S. Pring KST displaying lower peak on this advance to 60 and momentum indicator in bearish divergence with price.... Boy, I have just about convinced myself to short this puppy....Boy, I love this game....Back to movie...