Amazon.com, Inc. (AMZN) Message Board

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

AMZN 234.37

+0.2%

Dec 2 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (41681)	2/22/1999 11:01:00 AM
From: Rob S.	Read Replies (1) of 164684

The TA is still non-conclusive. The longer term indicators look negative despite some strength in holding at this level. Although the stock has held, it has failed to rally despite bullish praise from a couple analysts and news releases and industry happenings. These continue to point to a market top. Accumulate/distribution indicators are bearish but stochastic and some other short-term indicators look inconclusive - not at the extremes they were before the drop. Some of the nuts are perhaps ready for a "dead cat bounce". The trend remains down but not decissively so. A big announcement could trigger a significant move up or down. If not, then market apathy will likely continue and the stock will languish down.

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