Amazon.com, Inc. (AMZN) Message Board

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

AMZN 238.42

-0.3%

Jan 26 3:59 PM EST

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To: Olu Emuleomo who wrote (36328)	1/24/1999 3:59:00 PM
From: Mark Fowler	Read Replies (2) of 164684

$60 is the 200 day EMA and AMZN has rarely violated its 200 day EMA. BTW, anybody see how YHOO and BCST bounced off their 50day EMAs?? Amazing!!! I wonder what the 'Random Walk' guys have to say about that! Even AMZN penetrated it by only 8 points (50 day EMA is $100)<< Olu, YHOO at the 50-day EMA is not a problem. The only other such time YHOO dipped below the 50-day EMA was in September from the tail end of an extended base so this line should support Yhoo. Going forward this is a stock to own and i expect it to base for 8 to 10 weeks. Waiting for Amzn now.

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