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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (75394)	4/18/2001 6:54:08 PM
From: t2	Respond to of 99985

bb, I don't know about Amazon getting that high but the high short interest and stories about not getting shares to short at some brokerages tell the story. There is plenty of momentum with one if enough mutual funds are willing to take the chance (the way that Leg Mason fund is---which beats the S and P 500 for every year for I believe about 10 years). If you get a few more funds interested in AMZN, can be very explosive due to short covering.

To: bobby beara who wrote (75394)	4/18/2001 7:01:57 PM
From: KevinMark	Read Replies (1) \| Respond to of 99985

>>>we have just turned the corner on this market, and heading much higher<<< Nau, higher but not as high as many may think. The volume today indicated some distribution going on. I suspect we will have another big volume(distribution) day tomorrow too. Remember the institutions have been in since the first of April. They are selling some of these gains now. Sooner or later we will discover why AG lowered today.

To: bobby beara who wrote (75394)	4/18/2001 7:46:30 PM
From: maceng2	Read Replies (1) \| Respond to of 99985

BB, I once again thank you for helping me out on dumping some IBM poots -g- I don't play AMZN but I looked at the candlestick chart anyway... siliconinvestor.com The volume is interesting. It drops off until today, and we have that stick up there all by itself. It tells me it could hit sub $10 real easily real soon. BWDIK. best wishes and regards, pearly.

To: bobby beara who wrote (75394)	4/18/2001 10:40:41 PM
From: John Pitera	Respond to of 99985

Hi BB....Here is a NASD chart showing how we bounced off of the downward trendchannel today. The NASD also was repelled by the .382 retracement of the Jan to April decline. You'll also notice we managed to close 3 points below the 50 dma after having been above it. geocities.com (when you click on the link it will take you to yahoo geocities but you will not see the chart. simply click on the url of the new browser that is generated and it should then show the chart) The bigger Fibonacci resistance is at 2250-60 and then up near 2400. John