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

To: Mike M who wrote (12620)8/12/1998 1:55:00 AM
From: Tenpole  Read Replies (1) | Respond to of 18691
 
the bounce before the slide continues

Apologies for the loose terminology!

It was strong up to a point - it seems that each rise is being met by quite a lot of selling. Previously, the momentum had AMZN closing at or around its high while it rose. 3 of the last 4 days have seen it come back from the highs due to some selling pressure.

Also, there is a little bit of resistance at these levels. Allowing for the general decline in volume over the past couple of months, I'm looking for it to try to find a top to this rise soon.

T



To: Mike M who wrote (12620)8/14/1998 5:42:00 AM
From: Tenpole  Respond to of 18691
 
Mike,

We are looking at a pretty good (but not 100% perfect) shooting star yesterday on AMZN. We may well have a top to the bounce and a chance to trade back to 110 (or lower).

T


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