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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%Nov 21 9:30 AM EST
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To: GST who wrote (55829)5/6/1999 9:54:00 PM
From: Mark Fowler  Read Replies (1) of 164684
 
Gst i'm glad you have 10 good days ...ditto. I'm concerned that because of the lousy follow through from yesterdays reversal there could be further retracement back here near term. If it happens there's primary support there on compx at approximately 2330and the Dow at 10,000. On Amzn not good 133 15/16 is taken out then it could come back to fill the other major gap between 129 and 123 support. Yhoo has strong support at approximately 147-8 and that major support there has not been taken out, so it's looking better there. Aol risky territory too due to the horrible follow up, but the spike lows from yesterday are strong support. Maybe not time to bail, but time to be cautious yes new trades i think should be bought near support and sold into resistance until a clear reversal is established. I'll stay short-term on new trades with i-nets for awhile, well at leaast that's how i'm going to play it out for now. Lsi didn't get up off the pooper today either however i think less downside risk on that stock and their chart looks good to me at this point. I made a good trade on Exds however i bought half of it back at 81.5 about 3:30 having it to close at 80.25 damn market can get tricky at times.;-)
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