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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: McNabb Brothers who wrote (16731)	9/10/1998 4:47:00 PM
From: Oeconomicus	Read Replies (1) of 164684

Looking at the DOW I would have to say that it is setting up to be a nice bear flag on the daily chart! Not to mention the triangles/pennants on AMZN and YHOO. AMZN, at least, appears to have broken out of it downward. Besides, the trannies just avoided a new bear mkt low, the yield curve is WAY inverted now, we closed lower on the Dow than on the test late last week (forget what CNBC was saying about higher highs and higher lows, it's lower lows), spreads (over treasuries) on corporate debt have been widening, blue chips like GE are bouncing off the UNDERSIDE of their 200 day M/As, etc., etc. The bear dead? I think not. Bob

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