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

To: Don Westermeyer who wrote (12672)8/5/1998 4:11:00 PM
From: Rob S.  Read Replies (4) | Respond to of 164684
 
Anyone have some TA opinions to kick around?



To: Don Westermeyer who wrote (12672)8/5/1998 4:19:00 PM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
Don, it was programs, not dipsters that saved the market. The internuts, OTOH, were probably "saved" by a combination of dipsters and short covering, but the trend is still the friend of the bears, IMO.

Both AMZN and YHOO bounced before reaching their 50 day MAs (by about 5 and 2 points, respectively I think), but in this market environment, I'd think they'd at least test that (if not the 200 day<G>).

It ain't over yet.

Bob


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