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


To: Jay8088 who wrote (18924)9/29/1998 12:21:00 AM
From: Jay8088  Read Replies (1) | Respond to of 164684
 
Correction. A shooting star would be in effect if AMZN opens lower tomorrow morning and then declines thru the day. So my call was premature. But this stock has doubled in a month - for no reason other than short squeeze. I think it can pull back tomorrow - and that would be candlestick bearish. Holding Oct out-of-moneys, I welcome any straws!



To: Jay8088 who wrote (18924)9/29/1998 1:14:00 AM
From: craig crawford  Read Replies (1) | Respond to of 164684
 
>> Nikkei once again approaching the critical 13,500 level, this downturn could be pretty sharp <<

I find it interesting that the Nikkei support levels people talk about keep changing. People once said that 15,000 was the key support level. Once that was broken 14,000-14,500 was the critical level for banks.

Now that it's in the 13,000's maybe it will change again and people will say that there is no problem as long as it holds the 12,000 level.

Of course companies like LTCB are finding out that maybe 15,000 was a critical support after all.