Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: 16yearcycle who wrote (61799)	6/10/1999 4:48:00 PM
From: Rob S.	Read Replies (1) of 164684

Amazon is likely to trade in a range but is biased to the upside for the short term (2-4 weeks) according to my read on the TA and time-frame in relationship to earnings and inflation concerns. I think it likely will break through the 130 level prior to earnings release- just a guess. Some improvement in short-term MACD and ability to hold above 105 is setting the stage for a modest rebound, IMO. Still on the negative side is the fact that "positive news (hype?)" is continuing to have little effect on the stock or the sector and negative news is continuing to be cause for a drubbing. In other words, market sentiment has not yet shifted and there is no certainty that it will soon.

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