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

AMZN 234.37

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3:59 PM EST

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To: Sonny Blue who wrote (36308)	1/24/1999 4:17:00 AM
From: Bill Harmond	Read Replies (2) of 164684

>>Are you saying this is like back in July 98 when only a handful of blue chip techs breaking out to new high while the rest of the market was going down? Yes. Only now it's even narrower leadership, and this time the Internets have broken down without the overall market. Until now, they were the last to break and the first to recover. The Internet stocks started their rally just as Asia was coming unglued in the spring of 1997. They have led all this way, ignoring international events like you say. Whe the leadership group breaks, that's a bad sign, unless this is a huge head-fake, which I doubt.

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