Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Olu Emuleomo who wrote (144606)	8/2/2002 3:59:00 PM
From: Oeconomicus	Read Replies (2) of 164684

Olu, looking at the AMZN chart, I noticed the following: - a couple of rising flags or pennants in the downtrend from the May high; - another pennant formed today on hourly or shorter charts, after the initial drop this AM, with declining volume and a narrowing range throughout most of the day; - a nice big head and shoulders over the last six months, with the neckline around 13; it tried to go below last week, but the market rally saved it. Would you agree with these apparently bearish indications? The H&S, BTW, would point to a return to 6 if we break the neckline for real. OTOH, it could rally in the last 5 minutes. ;-(

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