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


To: Bill Harmond who wrote (18669)9/28/1998 9:12:00 AM
From: Mark Fowler  Read Replies (1) | Respond to of 164684
 
Is today tomorrow or tomorrow tomorrow?? <<

Good Morning William and a good Question...Let me see i have to think about this one ... Tomorrow is Monday which is today. ;)



To: Bill Harmond who wrote (18669)9/28/1998 9:16:00 AM
From: craig crawford  Respond to of 164684
 
William, you are too sharp. Someone gets my humor.

My prediction still stands...



To: Bill Harmond who wrote (18669)9/28/1998 3:13:00 PM
From: Mark Fowler  Respond to of 164684
 
Good Morning William and a good Question...Let me see i have to think
about this one ... Tomorrow is Monday which is today. ;)<<

William Let me explain the reason why i thought it would close lower today. These indicators change so quickly on this stock. I'm watching the Dmi for the IIX and Amzn. On Amzn's daily chart when i saw the +Di cross down below the Adx with the Adx line moving down too and the -Di line remaining flat to slighly rising Friday, and being that Amzn didn't hit 120 major resistance last week, i thought it would rise some at the open today and pull back today. However, this stock has gapped up and hit 120 major resistance today so we could break down and go down today and tommorrow. Now on todays daily chart the +Di is rising again with the Adx line again while -Di remaining flat to rising slightly. Momentum is still rising too and had not yet begun to show signs of flating. We could pull back to fill that gap today and down again some more tommorrow.

Now on the weekly i see the +di(rising) and it has just crossed the -di(lowering). The momentum indicator is moving up too on the weekly and the stochastics %k and %d lines moving up. I'd say we have more to the upside possibly 138 to 140 ish looking at the weekly. Again We could pull back some from 120, but it's looking very good on the weekly chart. I hope this helps.