Amazon.com, Inc. (AMZN) Message Board

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

AMZN 244.68

+2.6%

Jan 27 3:59 PM EST

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To: Jose Matos who wrote (36410)	1/26/1999 1:03:00 AM
From: Mark Fowler	Read Replies (1) of 164685

Amzn looks weak and Yhoo looks strong. Amzn was technically damage a bit on this last correction so i'd would not be surprised by some near-term weakness. Yhoo has a good chance to get to 327.75 watch in there if yhoo can get over 130 twice intraday and close with a descent number it has a good chance of going higher near term. I say this because it did not penetrate through the lower band at the bottom support 245-250, going forward a good place to buy Yhoo would be at the 50 moving average line. Keep this index on your radar screen -- link below, if it breaks below 7000 with a close then on down to 6500 and maybe 6000. This will put downward pressure on banks stocks nearterm and downward pressure on the Compx , watch the 21MA for support on the compx be defensive if it breaks through it. The leaders look ok today quote.yahoo.com^BVSP&d=1ym

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