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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: Bill Harmond who wrote (13824)	8/17/1998 6:17:00 PM
From: Tenpole	Read Replies (1) of 164684

Bill, it didn't come down and test its correction lows with the rest of the market last week, and held today above its 10-day average It really seems to be trading in a range right now and can happily trade down to around 110 without the range being broken. My personal view is that there is a minor acceleration to the downside but that is just a guess and is based on the latest high not closing on the trend but reaching it intra-day and then falling away. If we see a break above or below the levels that would be significant but until then it'll potter along happily. Other indicators support this (stochastic overbought cross, declining RSi etc) as do systems such as the DeMark indicator. One more point - I don't know what software you are using but it is using the 25dMA as support tonight. T Ps As thestreet.com pointed out earlier today, it could take a 70 point hit and still be on an uptrend.......

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