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

To: Glenn D. Rudolph who wrote (34980)	1/14/1999 8:19:00 PM
From: Rob S.	Respond to of 164684

Glenn, once again when the charts and other factors all line up bearish the move is ALMOST a sure thing. If one were to just hold back on whatever long-term convictions they have and primarily play the trend in whatever direction is is going and only get bold in countering the trend when the TA lines up and other factors are favorable the odds of making money are greatly increased. I think Amazon has a long way down to go before it reaches a bottom - probably some time this summer. I think it has 15%-30% to the downside left to go over the short term and 40%-50% more to the downside by around August. The overall trend of the Internet sector for the next few months will be down but we may see significant bounces back. Beyond that is riskier guesswork but the Fall/Winter period may see the stocks rise again - but probably the mania won't be so pronounced.