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

To: jawd who wrote (7840)	6/27/1998 2:06:00 PM
From: jason D.	Read Replies (1) \| Respond to of 164687

Jawd- You need to look at volume in relation to price movement. You only look at price movement. There are 50 technical analysis books for sale at AMZN, ironically, that will tell you that massive volume with no price movement after an unbelievable runup indicates distribution (selling). This happened Thursday. Couple that with the fact AMZN could not break the psychologically significant 100 (for a second time)and you have a textbook top. Technically, AMZN is still in an uptrend. However, after it breaks 90 Monday or Tuesday(like I suspect) then it will become more evident to everyone that bad days are ahead. Expect AMZN to close in the low 80's on Tuesday or Wednesay. You are "hoping". This eventually leads to "wishing" . . you had sold earlier. If you want, don't sell until AMZN breaks 90. Of course, I could be wrong. :-) Happy Investing! -Jason