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

To: Mark Fowler who wrote (5184)	6/8/1998 4:07:00 PM
From: Candle stick	Read Replies (3) \| Respond to of 164684

NOT YET...CHECK THIS OUT ...get a chart of AMZN daily and draw the trendline from low of Jan 12, at 24 7/8, to low on April 23 at 40 1/4....continue this line out to today....this is the major trendline support that was broken on may 22....since then AMZN has traded below...today is the retest of that break. AMZN has closed right on or slightly below it. Failure to get above this line will lead to a more substantial decline than the last P.S. I know on 4/27 AMZN traded below this line but it did not close below it...that day is a false break and cannot be used as a bottom....this trendline is the best one you can trade off of if you look back to the beginning of the year....most major trendline breaks usually get a retest....that is the stage we are at right now.....tomorrow will be very interesting......;^)