I think Hiker mentioned it...AMZN runnin out of gas ST...I shorted small when it was up today...close stop. I know, I'm crazy.
amazin
Started by
tommyt
, Apr 27 2007 02:09 PM
3 replies to this topic
#1
Posted 27 April 2007 - 02:09 PM
#2
Posted 27 April 2007 - 02:13 PM
and note how the recent 62.20 area just tested represents the 5sma on the 60 minute...so far, price has been pulling up that ma on the 60minute consistently for two days
the 13-minute has remained on a "stay long" signal for 3 days..tho' the power of the current uptrend is less than yesterday
Edited by hiker, 27 April 2007 - 02:14 PM.
#3
Posted 28 April 2007 - 12:56 PM
It's a squeeze, I think.
I'd give them room for a bit longer, though a put or two might make some sense soon, because there's likely a good hair cut to come.
Mark
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#4
Posted 05 May 2007 - 11:40 AM
?6
Edited by Swiss Trader, 05 May 2007 - 11:42 AM.