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

To: allen menglin chen who wrote (114244)	1/4/2001 2:38:23 PM
From: craig crawford	Read Replies (1) \| Respond to of 164684

You can find resistance levels all over the place in the Nasdaq. Take your pick. I find it interesting that the Nasdaq did eclipse the run we made off the lows 12/20-12/21. After we bottomed there the Comp got as high as 2571.32 intraday and the close was 2557.76. (12/28) We closed above those levels yesterday and are right around that level now. (2567 down 50) It wouldn't be terrible if we did see 120 points of profit taking, but I don't think it has to go that far. I can see where you're coming from. We ran up 280 yesterday and then fell back to up only 202(?) before closing up 325. So down 120 would bring us right back to that level yesterday where profit taking held and then the rally resumed. GST, this is the dip towards the end of the day I was talking about. People making sales ahead of the employment report tomorrow. A nice dip to reel in some shorts, and a nice dip to add some longs if you didn't get a chance to get long yesterday. As for taking profits on stocks like AMAT and CSCO, I could see how that might be a good idea but the problem is I sometimes lose my nerve and don't get back in enough again. By being patient and riding out a few pullbacks I stay fully long (which might be kind of risky, but you know me I aint no buy and hold conservative investor).