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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Tuesday, June 2, 2009

AMZN


Amazon in a quandry....
Long term DESCENDING trend
Ascending triangle broken to upside
Inverted H&S completely formed
Cup with Handle about to breakout above 85.26?

I believe we are bordering on irrational exhuberance; and position sizes should be reduced accordingly.

For the Web's best interactive charts, please visit http://www.Prophet.Net
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