Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.12

-0.2%

3:59 PM EST

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To: freeus who wrote (9693)	7/9/1998 12:57:00 PM
From: Tenpole	Read Replies (3) of 164684

IMO, we'll see 100 tested. The intraday hourly chart in the process of putting up a repeat of yesterdays falling three methods pattern (or bear flag) and, while 107 is providing more of the support that it showed yesterday, the weight might be too much for it over the course of the day. Next stop is yesterdays low (102 3/8 I think - it is unlikely to be very strong) and after that 100. It was tested 3 times before the breakout to 115, thereby making it the nearest thing to any support/resistance that this stock has right now. Will it break? Who knows. If it does, next stop 82..... T ps I'm short at similar levels to you so this might all be hope rather than expectation!

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