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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (14085)	9/6/1998 6:04:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 120523

James from the P&F thread......Beeblebrox (6842 ) From: Bruce Edelstein Sunday, Sep 6 1998 5:45PM ET Reply # of 6855 Beeblebrox, AMZN is bearish. It's below the BRL and the July highs seem likely to stand for quite some time. I pointed out the High Pole Tops and Buying Climaxes in past Chartcraft Reports. AMZN had a HPT in July at $114 and another in July at $126. Both of those HPT's suggested strongly that the stock would move below a previous bottom which was $95. Owners of the stock saw that price, unfortunately , and a whole lot more. 52 boxes straight down in one move. Truly scary for longs I'm sure. The RS is bearish The long tail down pattern was good for a $36 upside play. Another confirming sell is awaiting at $80 and that would signal further downside action could be in store. The bearish price objective is $.50. That is not a typo. Best to you, Bruce Next Previous \| Previous \| Next \| Respond \| View SubjectMarks Bookmark this Subject Discussion \| People \| MetaCrawler Subject Titles Only Full-Text Messages with Links Send questions and feedback to webmistress@techstocks.com Terms of Use