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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Bill Harmond who wrote (72087)	8/5/1999 11:22:00 AM
From: GST	Read Replies (2) of 164684

William --the downside dynamic looks like it is going from first gear to second or third gear -- not looking like it is going to reverse. The institutional selling continues the theme -- from strong hands to weak hands -- and the weak hands are already surely feeling the squeeze, suggesting that they will 'puke' them up when we get to the next stage. Money continues to leave the US. And we have data coming out tomorrow which is more likely to reinforce the downside momentum rather than easing it. Conclusion -- more downside ahead in a 'sell the rallies' market'.

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