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


To: Dwight E. Karlsen who wrote (33804)1/9/1999 9:26:00 AM
From: dennis michael patterson  Respond to of 164684
 
Technically Speaking: Here's the link Put in AMZN in the upper left hand side.

equis.com

I have looked at AMZN Yhoo and A=OL. There are some interesting things. First, in the last ywelve months, AMZN has been in a consistent, albeit volatile, uptrend. After parabolic moves like the one this week, it backs off. BUT, just like AOL after the SPX announcement. It does not drop by a huge amount. It markes time with a downside bias, forms a triangle, and then pops.

By looking at the chart of AOL, I would say it is reading to breakout. It looks like a classic flag. EMC trades a lot like this, but many, many stocks do.

Conclusion: AMZN is in a LT uptrend. It IS tradeable, long and short. With work, this can all be discerned, I think.