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


To: Marconi who wrote (12028)7/29/1998 4:31:00 PM
From: Peter Church  Respond to of 164684
 
Thanks Marconi.

Regarding today's action: Lets see some panic selling here. The transports closed below their June low of 3259. Its a sell signal, I think. The Industrials may confirm this week. I am clearing the deck of all long positions. Even those I love to hold.

Last time AmZN closed down like this (7/7), the following day gapped down and then closed 12% lower. I would expect more of the same.

OT....Clinton: Looks like Star doesn't have that great of a case. But it might be a few days before we know for sure. I think the market is nervous about impeachment or an embattled president. I expect some relief later on about it.