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Strategies & Market Trends : Yahoo and other bubbles...when will they burst? -- Ignore unavailable to you. Want to Upgrade?

To: Dave Mansfield who wrote (101)	2/9/1999 7:27:00 PM
From: Howard Hoffman	Respond to of 139

Amazon Head & Shoulders Confirmed Based on closing prices, AMZN had a neckline @106. The close at 100 today confirms a reversal pattern, one of the most feared of all. Anoyone with sense holding AMZN still (oxymoron?), will have a sell in at 106 in the hopes that there will be a rebound to the neckline. There is a 2nd, stronger shoulder with a 2nd lower potential neckline around 63. Expect the next big move on AMZN to be down to 63. I hold no AMZN shares, but I will also post this on the AMZN thread (in addition to YHOO Bubble thread).

To: Dave Mansfield who wrote (101)	2/9/1999 7:39:00 PM
From: Howard Hoffman	Respond to of 139

eTrade Head & Shoulders EGRP is 1 1/2 pts above a level neckline. H&S could form from here. Any rise at this point would constitute a right shoulder. A lower close in the next couple of days, lower than 38 11/16 would make a downward sloping neckline . Especially bearish. EBAY has a 3 headed H&S with neckline not yet established, should be around 174 (level neckline). This is also especially bearish. These patterns are usually not typical trading patterns. H&S usually signals a major reversal. YHOO is in a downward sloping triangle, another powerful reversal pattern. More evidence of the bubble bursting.