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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.49-1.2%10:10 AM EST
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To: OtherChap who wrote (18940)9/30/1998 2:54:00 AM
From: Jay8088  Read Replies (1) of 164684
 
I think your prediction was just one day too early! This morning, Nikkei broke the key support at 13,500. GLOBEX declined 900 basis points in response. I think this is a great signal that the bear market is about to resume starting NOW. We shall see some volatile drops in averages as we have seen in late August. AMZN could get crushed in such an environment. AMZN will open gap down this morning and go lower from there forming the 'hanging man' pattern. I believe it has a good shot at closing below 100 as you have predicted.

Finally relief for the long suffering AMZN bears!! - At least I hope.

AMZN Permabear in ICU, but feeling a little better now!
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