Amazon.com, Inc. (AMZN) Message Board

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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Jan Crawley who wrote (67100)	7/9/1999 11:17:00 AM
From: Rob S.	Read Replies (1) of 164684

A more bullish trading pattern has developed for Amazon and some other net stocks - although there will probably continue to be some consolidation, the stocks have recently been accumulated. The TA indicators that show this are the MACD, MACD-HIST, OBV and others. Although there is a chance for a mild pull-back, I think the bias will remain to the upside through the favorable earnings period. There is not a huge return of investors but even fewer sellers as the stocks pull back. Higher lows on pull backs is a visible way to observe this trend. This is not a case of "all indicators being lined up in one direction". I think these stocks are likely to trade modestly - unlikely to see large surges in the big-cap Internets because significant rallies are likely to draw in sellers.

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