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

To: Sarmad Y. Hermiz who wrote (46949)	3/23/1999 2:01:00 PM
From: Mark Fowler	Respond to of 164684

Thanks Sarmad well apprieciated ;)

To: Sarmad Y. Hermiz who wrote (46949)	3/23/1999 2:19:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

I think amzn will hold today at 122, unless dow crashes. A lot of buying at that level. Maybe a close of 130???

To: Sarmad Y. Hermiz who wrote (46949)	3/23/1999 6:08:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

Sarmad just something to consider for the near term outlook below and once we get past this i would consider a long position in Amzn it won't be long until 140 is taken out. U.S. Stock Market Outlook Near-Term The second most popular activity on the Street these days is everyone closely watching the market's breadth data. The first of course is the "10,000 Watch". Several weeks ago we re-introducted the word "stealth" into our vocabulary because we felt that the market would once again become a two-tiered affair. Technicians call this desparate activity between blue chips and the rest of the list, negative divergence. Normally, if these divergent trends persist, it leads to a downward bias in the blue chip averages. Overwhelming weakness in the majority of stocks has, in the past, dragged the large cap stocks down with the rest of the list. That's what the bears are saying today. But we take exception to this theory today because most of the stocks that make up the 30 Dow components do NOT look technically vulnerable. We are not saying that the breadth is attractive—on the contrary, we totally agree with those who are concerned about the A/D statistics. But we want to remind them that there have been times in history when negative divergence did not cause a major sell off in the DJIA. Listed below are important support levels for the Dow and other market averages. Yes, there will be very volatile days and some of these levels could be retested. The Kosovo/NATO problems could cause nervousness and further aggravate a near term market correction.