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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 249.14+0.3%Nov 11 3:59 PM EST
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To: ftian who wrote (98623)4/3/2000 11:27:00 PM
From: Bill Harmond  Read Replies (2) of 164684
 
Yes, I'd say so. Frightening as this correction is, I got a report today that this decline in the DOT is typical so far:



%
"DOT" Change Days
11/13/1998 253.3
11/27/1998 418.1 65.0% 14
12/3/1998 302.3 -27.7% 6
1/12/1999 616.1 103.8% 40
2/10/1999 428.0 -30.5% 29
4/13/1999 824.2 92.6% 61
8/5/1999 452.9 -45.0% 114
10/12/1999 747.0 64.9% 68
10/18/1999 651.1 -12.8% 6
1/3/2000 1,218.5 87.2% 77
1/31/2000 1,007.0 -17.4% 28
3/10/2000 1,350.2 34.1% 39
4/3/2000 998.4 -26.1% 22


Average Up 74.6% 50
Average Down -26.6% 34

The caveat is that this breaks the January leg closing low, on a sector-wide basis.
Could be one reason for the weak close tonight.
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