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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 3:59 PM EST
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To: Ted The Technician who wrote (143353)6/25/2002 4:02:28 PM
From: GST   of 164684
 
"I'm not saying in this case that CSCO and AMZN will be the first to come back up though..." I understand what you mean. I would expect that CSCO and AMZN could be left for dead when this is all over. The slide this afternoon begs the question: What happens when a market fails a major retest? We are too apt to assume that the retest will be passed. I think we are the fast-track headed downhill now, in search of a new "bottom" to test. I think DOW 7500-8200 is the right range for an intermediate bottom.
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