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

To: M. Frank Greiffenstein who wrote (19330)	9/30/1998 11:58:00 PM
From: Money Maker (MM)	Respond to of 164684

Frank, try to look at this chart: quote.yahoo.com Higher volume at the beginning and ending. Unfortunately, at these periods, the price was going up....:) Tomorrow, I think we could see $115-120, again. I am still waiting for new high, above $147.....:) MM

To: M. Frank Greiffenstein who wrote (19330)	10/1/1998 1:39:00 AM
From: craig crawford	Read Replies (2) \| Respond to of 164684

>> You can see that AMZN bounced at 108 for a good reason: There was a lot of buying at the level, as you can see by the volume bars on the left axis. 108 is also the 60 dma << Ahh, but AMZN bounced at 108 13/16, it's 57.43657 DMA. Do you really think that AMZN buyers were glued to their screen today waiting for the 60 DMA to jump in and buy? The 45 DMA wasn't good enough? How about the 30 DMA? I can appreciate technicians buying and selling based upon commonly accepted 10, 20, 50, 100, 200 DMA's etc., but using some arbitrary number seems absurd. Not to mention the fact that there are simple as well as exponential moving averages, to clutter one's mind even more. IT'S ALL HOGWASH I SAY! I don't need some hocus-pocus, abstruse, esoteric, complicated, moving average theory to tell me that AMZN is going lower... ...I can feel it in my bones!