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

AMZN 234.37

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To: Mark Fowler who wrote (12603)	8/4/1998 11:47:00 PM
From: Oeconomicus	Read Replies (2) of 164684

Mark, isn't Ralph a technician? Clearly, he saw something in his "work" that changed his mind. It is to his credit that, when his discipline says he was wrong, he admits it. I have no idea what Abby the Bull's discipline might be, if she has any (or any that allows for anything other than raging bullishness). She is, as far as I have seen, just another "new paradigm" bull and a "bull market genius". Ralph was a tad late for my tastes (many other strategists, including several Squawk Box guest host regulars, changed their tune over the last few weeks), but TA tends to be a bit late (though not too late) and those who followed him today will be much better off for having done so. Those who would get angry at him for speaking his mind will most likely make good indicators of the bottom when they finally turn bearish. JMO, Bob

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