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

To: Jan Crawley who wrote (19224)	9/30/1998 1:22:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Jan, I think a break down in confidence for the inet stocks is possible but obviously hasn't yet happened. The TA for the sector and the leader looks like a correction is likely (already started) but that could change. Even though my thinking is that we will see a collapse of support soon, this stock may also try again at 115-120. There is enough thinking left among retail investors and enough of a retail push to keep these stock from plunging until the psychology is broken. Once it is, then NZMA can move quickly to the downside as we have seen often before, IMO. Amazon has very predictably tracked Yahoo, AOL and other leaders. Loss of support may come first among Amazon's peers and that should be a sign for the direction AMZN should take. Even when NZMA became de-coupled from the pack for a short time, it has come back into sync within a few days. The weakness in these others is greater than NZMA for now.