i dont believe we will be seeing any new highs in that puppy. from a fundamental viewpoint i never got amazon.
they are an internet walmart to me but people seem to love the stock. anyway technically i think it has put in a major
top
good chance that amazon has put in a major top
Started by
gannman
, Aug 02 2011 09:08 AM
1 reply to this topic
#1
gannman
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Posted 02 August 2011 - 09:08 AM
feeling mellow with the yellow metal
#2
IndexTrader
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Posted 02 August 2011 - 10:09 AM
Always possible it has put in a top, especially if the market is now headed to lower levels. However, to me, there is literally nothing on the AMZN chart that would indicate a top, or even that it's headed down. It's yet to fill the gap left by it's earnings announcement, and well above the 50 day avg. If I were looking for a short, that's one I would not pick at this point...I'd rather short it lower. If I were interested in a short I'd look at some of the medical companies like UNH, etc.
IT
