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

AMZN 239.12

+0.4%

Jan 16 9:30 AM EST

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To: Alomex who wrote (37879)	2/2/1999 12:47:00 PM
From: Olu Emuleomo	Read Replies (2) of 164684

Technically, AMZN is still acting OK. Pulling back to support (around $100) on decling volume. However, there is a bearish scenario looming on the horizon. Namely that AMZN may complete a Head-and-Shoulders formation! Looking for a neckline at about 110. This will, be confirmed if we break the prev low of $92 on say vol of 25-30m shares. --Olu E.

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