Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: GST who wrote (148023)	9/24/2002 10:09:03 PM
From: Alomex	Read Replies (1) \| Respond to of 164684

" Next support level is 1000, and IMHO there will be yet again a lot of resistance below that..." Could you clarify? Sure, I think that the NAZ can drop quite rapidly from here, if shareholders decide to unload. IMHO nobody will step in and prop up the market, as there are no buyers on the sidelines. However, I believe buyers will move in when NAZ reaches 1000, and that this will provide a lot of resistance for NAZ before it can fall any further. In other words, if the NAZ ever moves decisively below 1000 it might take a few months of heavy trading, just as it took almost a year to eliminate the strong buying side at 1400....