Amazon.com, Inc. (AMZN) Message Board

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

AMZN 241.68

-0.6%

3:59 PM EST

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To: GST who wrote (136794)	1/9/2002 9:18:53 AM
From: Oeconomicus	Read Replies (1) of 164685

GST, try a little longer-term chart for perspective. Yes, the 200-day looks like resistance at the moment, but the index is above the 50-day (which is rising) and moving sideways in a tightening range as the two averages converge. quote.yahoo.com^OEX&d=c&k=c2&a=v&p=m50,m200&t=1y&l=on&z=m&q=l Sure, it could fail and resume the longer-term (year and a quarter) downtrend, but a cross above the 200-day would, at least, represent a breakout good for a 10%+ move (to May highs at least and possibly to levels of 12 months ago). It may also represent a resumption of the VERY long-term trend of rising stock prices seen in this chart: quote.yahoo.com^OEX&d=c&k=c2&a=v&p=m50,m200&t=my&l=on&z=m&q=l Which way will it go? Ah! If only I knew for sure. ;-) Bob

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