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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 219.64-1.3%9:58 AM EST
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To: Mark Fowler who wrote (80920)10/18/1999 5:52:00 PM
From: GST  Read Replies (1) of 164684
 
Mark: <The IIX has good support on the 50 and 200dmas.> I think IIX will retest 250 with about even odds of passing and failing the test. If it fails, we will probably see it fall another 50 to 100 points after that. BTW, this is my opinion, AG did not mention these levels on this index by name <g>. p.s. once this index falls apart, there is nothing to indicate it will ever recover -- and there is no obvious point beyond which it cannot move lower.
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