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

AMZN 221.24

-0.6%

3:59 PM EST

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To: Oeconomicus who wrote (14798)	8/27/1998 1:35:00 PM
From: Mark Fowler	Read Replies (2) of 164684

Glenn, you bought S&P 100 calls, correct? If you believe in such things, take a look at the chart patterns of the OEX and SPX - extended left shoulder this spring, head in July and right shoulder just completed with necklines broken today. On the SPX, that would project down to about 940 for a 20% correction from the top. Personally, I'm always a bit skeptical of such things (some people manage to find H&S patterns in everything), but it's worth considering. << Bob, I see the same pattern between July 97 and Jan. 98 (not as definite) but it's there. Just something to consider too. quote.yahoo.com^SPX&d=2y

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