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

To: GST who wrote (128877)	7/23/2001 6:40:31 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

Gst If it looks like an economic recovery is being pushed out further, then it could happen. Today see here we're sitting with an average PE of 40 on the NDX and no earnings to speak of, so what's going to hold it up? Maybe AG can buy us more time with another rate cut in August?? The Spx's secular chart, MACD went negative this month with momentum and Relative strength declining more, if lows are taken out this could put the Spx to the next levels a round 950 -960. Thus this would not be good for the NAZ as it has less relative strength and higher valuations and really no earnings growth to speak of. I'm of the opinion that this market is in trouble again and it could be very serious.