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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 241.68-0.6%Jan 29 3:59 PM EST

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To: GST who wrote (146267)8/27/2002 2:25:17 PM
From: fedhead  Read Replies (1) of 164685
 
I don't know about that. The Dow and S&P 500 are close to
resistance. The NASDAQ seems to fund it hard to get above
1400. The biotechs which led the rally have broken trend lines. Consumer confidence is dropping, no signs of capex
improvements, economy burdened by debt, gold perking up, possibility of war. As I said before I am willing to skip the bottom and return after the indices reclaim the 200 day MA and hold above it. I think bieng short when the indices
hit resistance is a lower risk play.

Anindo

Anindo
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