Amazon.com, Inc. (AMZN) Message Board

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

AMZN 217.21

-2.5%

3:59 PM EST

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To: Olu Emuleomo who wrote (106895)	8/7/2000 8:21:10 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Olu, >> Close, but no cigar. Volume not convincing. Even if it moves higher, it may fail and retreat. To be surer, wait for a 1 million share day. << Thanks for your opinion. But just as an academic study, let's see what it does. siliconinvestor.com Doesn't that look like a cup and handle, or a reverse head and shoulder ? It just made a new recent high, and it is close to breaking out. Which I think will happen this week or next. I think the role of volume is very tricky to gauge, and its interpretation has changed from the "old days" when it indicated insider activity. Nowadays with momentum traders dominating the market, it is very hard to tell serious volume from speculative. Anyway, It is by far my biggest position now.

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