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

To: Olu Emuleomo who wrote (37886)2/3/1999 9:03:00 AM
From: John Donahoe  Respond to of 164684
 
RE: AMZN may complete a Head-and-Shoulders formation!

Way to early to tell. Technically it's in a intermediate down trend with the primary trend up.

Volume is not right for the head and shoulders.

If we disregard the volume, a H&S formation won't be confirmed until it breaks the neckline on heavy volume. If it does, a good short position could be established on a pull back with light volume to the neckline.



To: Olu Emuleomo who wrote (37886)2/3/1999 12:36:00 PM
From: Dr Smith  Read Replies (1) | Respond to of 164684
 
Olu Emuleomo - the Head-and-Shoulders is the wrong formation! The share prices are in a stair-step progression typically seen with CANSLIM stocks. Look for a cup and handle formation to appear as the share prices enter a phase of consolidation.


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