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

To: Gary Walker who wrote (32088)	1/1/1999 5:06:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

"Problem is it looked like that was happening at $200!" That is not an accurate assessment, IMO. The TA of the Internet sector and Amazon is now the most bearish it has been since, and including when the stocks dropped last summer. Now ALL technical indicators bearish. It rarely occurs that all indicators are simultaneously point to a decline. Usually at least one or two are positive as some indicators tract longer or shorter term trends. I expect some bouncing around at this level over the next few days but strongly suspect that unless the results of the leaders come in well above expectations and indications are given during the ccs that stronger than expected results will come in during the following quarters that the stocks will retreat. The major factors that tend to inflate these stocks have now played out about as much as they are capable of. Now come the slower retail quarters these stocks depend upon to fuel their enthusiasm. And with expectations already so high and window dressing out of the way, the sector is due for at least a modest "technical correction". Some analysts are predicting a collapse similar to last summer. I don't expect that just yet. I think there will be too many new investors willing to catch these stocks if they fall much.