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

AMZN 232.12

+1.6%

Dec 23 3:59 PM EST

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To: H James Morris who wrote (25459)	11/10/1998 6:07:00 PM
From: Peter Church	Read Replies (1) of 164684

Transports are breaking down.> What's that got to do with Internet stocks? You must admit, they're a much different animal. Yes, I was noting the the general bull run which began in October is fizzling out on the big board. The I-Net stocks can't fight that trend for long. Also, the transports have been leading indicators for the Dow. Their non-confirmation of the bull rally is a classic bear market signal. This doesn't look like a new bull rally, but rather a confirmation of the bear market that started in September.

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