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


To: Wildstar who wrote (1503)1/25/1998 8:14:00 PM
From: Mike Harkness  Respond to of 18691
 
>>>Did anyone notice the very bearish candlestick formation for AMZN on Fri? As someone on another thread said, this is one of classic reversal formations - gap up at open higher than the high of the previous day and close at low of the day, which is lower that the low of the previous day. If we get some help (downward) from NAZ this puppy could crash.<<<<

I definitely noticed. The same thing happened with CHKPF on Friday. Does anyone have any opinions on CHKPF's long term prospects?

Thanks

Mike



To: Wildstar who wrote (1503)1/26/1998 6:59:00 AM
From: Gary R. Owens  Read Replies (2) | Respond to of 18691
 
ENE looks overextended to me.

Take a look at the candlesticks and 14 day stochastics:
cbs.marketwatch.com
I will play this with Feb puts.
Still trying to get my timing down but so far so good.

I saw your point on AMZN, and I decided...
I'm going in, cover me <gg>.

regards,
gary