AMZN vs EBAY outlook – market wrap up

AMZN weekly reached our downside target 35 basically but is not finished yet as we are only in week 11. The drop below to 35 needs to be repeated with a new low to complete this leg. EBAY’s chart looks better from a chart and fundamental perspective as EBAY is ‘cheap’ with a 8 PE and AMZN still trades above 35 PE. If a retail internet stock is an idea Ebay might be the better choice. In any case wait until markets have a real bottom.

The window dressing brought all European markets to a positive close as well and the same can be expected for the US markets . Even monday should be in a positive bias as the TG weekend may be better as many thought – thats at least what the stars say as one of the best constellations is this weekend with a conjunction of Venus and Jupiter getting exact around Monday. That is generally a very good vibe so enjoy it.

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~ by behindthematrix on November 28, 2008.

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