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


To: Glenn D. Rudolph who wrote (43981)3/4/1999 9:42:00 PM
From: GST  Read Replies (3) | Respond to of 164684
 
Glenn -- agreed, Mark is really good at this and I do pay attention -- but tech analysis works best when market parameters are stable. Look at how AMZN just came crashing down from 199 to 84 -- breaking through 'support' level after 'support' level. Tech analysis does not tell you about instability in the driving parameters -- until AFTER you break 'support' -- then you can say 'hey, this is really unstable and shifting'. If you see unstable parameters, throw away the charts and look for where new parameters could take you. Right now, I think we have some stability and I am paying far more attention to Mark -- even asking for advice which he sometimes kindly provides.