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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 238.63-1.8%Feb 3 3:59 PM EST
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To: Danny who wrote (105008)6/15/2000 2:07:00 PM
From: Robert Rose  Read Replies (3) of 164685
 
Danny, I see alot of stocks I follow bouncing down from their 50-day's. Which are below their 200's. So it looks like the downtrend is still intact. However, the oscillations are narrowing. And given the "positive" economic data, I just can't imagine them breaking through their recent lows.

So it looks like we're still consolidating. At least through 6/28, and probably through the summer, given AG's likely cautionary stance.

This is all well and good for staging a decent fall rally. (I know I need one. ;))

Rob
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