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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (71020)	8/1/1999 8:15:00 AM
From: Olu Emuleomo	Respond to of 164684

>>>> My own gut feeling on the thing is that AMZN is showing remarkable strength. I expected it to dive to 90 pretty soon after breaking into double digits.<<<< I agree! I have been waiting for a SHORT signal for about a week....but I remain patient. >>>>>I guess my prediction would be a return to $115 over the next week or so.<<< This is possible, but 110 AND 120 are resistance points. (BTW, the 200day EMA is at 110 and the 50day EMA is at 120!!) However, anything close to 120 will be a great shorting opportunity. There is plenty of resistance at 120. One more thing. AMZN has been in a steady downtrend for the past 2 weeks (since 135) bigcharts.com --Olu E.