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

To: Peter Church who wrote (16491)	9/9/1998 11:55:00 AM
From: Peter Bernhardt	Respond to of 164684

I think that flat trading could be a controlled distribution pattern for both. Could be. Typically, trading in a narrow range such as this builds pressure for a breakout in one direction or another. Last time, the break was to the downside and could have been safely predicted given the other technical factors pointing to a down move (the triple top, for example). Unfortunately, I don't see such a clear secondary signal either way right now. AMZN is currently treading gingerly on its opening low. Breaking that (very) short-term support could be significant. - Peter B