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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: the Druid who wrote (1677)	2/25/1998 8:41:00 AM
From: Candle stick	Respond to of 164684

Hi Sorry for the delay, but I do have a real life too :^).... Now the word for the day is doji star, or I should say the word for yesterday.....AMZN put in a new high, 68 1/8, and a significant one at that, on heavy volume(over 1 million shares). This was followed by weakness driving the price back to opening levels, actually slightly below to close at 64 7/8.........to quote, Steve Nison from 'Beyond Candlesticks': " Doji stars are a potent warning that the prior trend is apt to change". This is best used as a 2 day signal , meaning that I would like to see confirmation today. This would be in the form of a close today that is lower than the open today. The bigger the drop, the stronger the signal. There are two arguments that can be made for yesterday, either an evening doji star, or a simple shooting star.....I won't go into detail about the differences, suffice it to say that both are bearish, the first more so, but both are best when followed by confirmation. Todays action will be critical. Anyone more interested in Candlestick charts should read Steve Nison's books, "Japanese Candlestick charting techniques", and "Beyond Candlesticks". they are both available at BarnesandNoble.com at barnesandnoble.com And for god's sake! Don't buy 'em at AMZN if you are short!........;^) P.S. This is the third significant top pattern forming in the last month (Jan. 23, Feb 11, and Feb. 24). All occurred on heavy volume and all within a 4 point range 64-68..... I feel this is a significant level of distribution, meaning that AMZN has found a top area where substantial amounts of stock are easily available for sale. In my opinion this is stock being sold by the insiders and the result of all the form 144's that have been filed in the last month (see below): edgar-online.com Best of luck to all, today will prove very interesting I am sure........;^)