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

No comments:

Post a Comment