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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.10-1.4%3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (47062)3/24/1999 12:20:00 AM
From: Rob S.  Read Replies (1) of 164684
 
That is in a rising market - now that we are entering a sideways (at best) or down phase of the market Amazon will take some time to look attractive again, IMO. The MACD looks lousy and some of the other indicators have deteriorated with the recent decline. It is not the most bearish case among the high flyers but I would not advise being long - at least not yet.
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