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

To: CoffeePot who wrote (33738)1/8/1999 10:16:00 PM
From: Mark Fowler  Read Replies (4) | Respond to of 164684
 
I actually think today's close is good for AMZN,,
as it leaves more room for the run NEXT week when YHOO announces
blow-out earnings!!!!<<

My exact sentiments; todays closing didn't not bother me Amzn closed at top of support.



To: CoffeePot who wrote (33738)1/8/1999 10:18:00 PM
From: Peter J Hudson  Read Replies (1) | Respond to of 164684
 
TA folks help,

I remember a technical analyst interviewed on CNBC, it may have been New Years Eve or a day before, that said there were two ways to identify market action that indicated a stock had reached it's top. He was a mature gentleman that made reference to market action going back to the early 60s. One of the patterns indicated that the stock would retreat in a gradual stair-step fashion. I don't recall the indications for this gradual retracement. The other indication that he said was easy to spot and he'd seen it many times, was a one day move on big volume that took the stock to new highs and then ended the day with no gain or a loss. He said that this indicated a rapid crash in the price of the stock. I'm curious if anyone else caught the interview. I wasn't paying close attention and may have the details wrong. I think this guy was from Florida. He was particularly low key, but very matter of fact. The AMZN action today is exactly what he described. Does anyone remember this interview??

Pete



To: CoffeePot who wrote (33738)1/8/1999 11:11:00 PM
From: dennis michael patterson  Respond to of 164684
 
I regret not selling when it went over +35. You had to know, on a Friday, it couldn't hold that. Oh well, Monday's open will be a big ramp up, if the futures open strong. The Thing will be more volatile going forward, I think.


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