Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.49

+0.2%

3:59 PM EST

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To: Mark Myword who wrote (4705)	5/26/1998 1:41:00 PM
From: Candle stick	Read Replies (1) of 164684

Significant technical breakdown occurring....AMZN now 83 3/4 and has completely filled the gap from 4/27-4/28 at 84 5/8 - 89 1/16 ..... This is significant for 2 reasons: 1) gaps usually act as support/resistance until they are filled. then the support/resistance is broken..... 2)this gap in AMZN occurred, the day of the earnings(loss) release....now that the stock is below the levels of the day of the release, everyone who bought on that "good news" is now losing money....the psychology of this event is significant and should steam roll into more selling..............;^)

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