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

AMZN 221.24

-0.6%

Dec 17 3:59 PM EST

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To: Mark Fowler who wrote (14801)	8/27/1998 1:50:00 PM
From: Oeconomicus	Read Replies (1) of 164684

Mark, actually it never got back near the October lows. In fact, in January, technicians were calling an inverted H&S. I distinctly remember the TA woman from Smith Barney on CNBC talking about it (on the Dow) when we broke the (inverted) neckline in January. We have clearly broken through the bottom of the August trading range, making new "correction" lows in Dow, S&P, Nasdaq, Trannies, RUT... did I leave anything out? Oh, the internuts are still above their July lows. Bizzaro, huh? Well, we've tried twice so far to get back above 1056 on the S&P and backed off again. Support becomes resistance. Bob

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