Tuesday, June 29, 2010

New Video: Is Amazon Losing It?

In today's short video we look at Amazon, not the river, but the stock. Yesterday (6/28/10) we spotted some market action that we wanted to bring to your attention. Unfortunately, we could not release this video any sooner because of scheduling.

Amazon is in a whole lot of trouble in my opinion. Not only are our "Trade Triangles" negative, but also an important technical element for Amazon was breached. This one element is one of the simplest, yet most powerful technical tools you can use in trading.

We think you'll enjoy this very simple approach as it has worked consistently over the years. As always our videos are free to watch and there are no registration requirements.

Watch Is Amazon Losing It?


1 comment:

Freddy said...

Hi I think Amazon still has a chance to go up if the stock price could cross above its resistance (at around $117).. Nice information by the way :)