Blog description
- Rodney
- 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, October 7, 2008
AMZN on the bounce...
How about some Deep In The Money Calls on AMZN for the bounce. If you're not in yet there will probably be another opportunity today or tomorrow. Take a look at the big Green rectangle as it highlights the gap up of late 2006-2007. The 200 monthly EMA and this gap are huge support areas. In other words easy stop loss points to go long and most definitely a time to get short if they are broken because AMZN will fall to $45 if broken. But for now it's the bounce....
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