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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Tradegod who wrote (73316)	8/11/1999 6:16:00 PM
From: Robert Rose	Read Replies (1) of 164684

<So what direction do you take from today's close? I'm perplexed> I don't blame you. The iix rebounded nicely from its 11am low, but faltered a little in the last hour of trading. The dot followed a similar pattern, but finished even more tentatively. You can't ignore the Naz finishing up 3% on solid volume and closing at its high. All in all, the inets are saying they want to go higher, but nagging uncertainties provide reasons for pause. I would expect another test of recent lows, but with each test, support becomes firmer. In my mind, the scale tipped toward the bulls today. The rewards for averaging into the inets at these levels outweighs the risks. What's your take?

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