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Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?


To: Bill Harmond who wrote (3211)5/17/1999 3:49:00 AM
From: blue_lotus  Respond to of 7772
 
Hi Guys,

Here comes the sell off on Monday...

Globex is down..
cme.com

The question is now:

Should we sell lest Ebay break its support and fall off or
Should we buy at this weakness?

I am going to be keenly watching to see if Ebay bounces off the 170-175 support...That (170-175) is both its lower bollinger and its 50-day moving average. MCAD, On Balance and Money flow are already giving negative signals.

Amazon on the other hand is sitting right on its support line and may just break it tomorrow.

-Raj
P.S: Looking for a good price to get in, but cautious not to catch a falling knife.