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LOL,...I guess that is one of the reasons I posted this analysis. TA gets such a bad rap and people say "prove it" all the time. I dont know how much more I can do to prove it than this and several recent calls I have made all based purely off TA. Clearly, I am not always correct but I am...

Got stopped out on that damn BULL TRAP and was the reason I entered SHORT again when I saw weakness again. My stops RARELY get hit unless I am wrong. That just pissed me off and for a while there I thought maybe I was trading on emotion. Good to know it was just correct analysis of ths...

SWOOOOOOSSSHHHHH! https://www.elitetrader.com/et/threads/amzn-long-764-42.305209/page-5#post-4379899 I would like to remind everyone of my detailed post on Dec 22, 2016 where I described a 2% move setting up and why from a TA perspective I expected this to be a drop. That SWOOSH occurred...

Added 0.25% risk to my SHORT position @ $84.86. Moving stops down.

Obviously not correct on closing price yesterday. It appeared a pennant flag was forming yesterday on the hourly chart which is a continuation pattern but that didn't occur. Either way we are having a continuation day today and there is significant damage being done to the price of AMZN today...

Besides that, I view it more like predicting who is going to win the Super Bowl at the beginning of the season. Will it have any influence on the outcome and should you bet on it with real money?? Probably not because that is gambling. But it still kinda fun to do and see who was closest.

Just for the hell of it I will be so bold as to predict the closing price for today at $762.53. Will explain why and see if I am correct after close today.

I like this idea.... we should check back in 1 year and see who was correct. Everyone should chip in a dollar per pick and winner gets the pot. Just for shits and giggles. My picks: BAC, UNG will be big winners in my opinion.

LOL. You are welcome. I am STILL not celebrating but feeling much better about my trade this go around. Believe it or not this is STILL not the big move I am expecting. We need to break below $754 before I think we see a SWOOSH lower. Until then this is just a trading range. Obviously it could...

Don't celebrate yet....the trade is not over until you book a profit. But you are welcome.:thumbsup::fistbump:

Thanks for the input. Without revealing my entire method I can only say I do not expect this to go to $90 any time soon. My stop is around $87ish. I also am not certain it will reach $60 or lower although that is my final target (~$58). My first target is $78. I try to take signals as soon as I...

LOL,... IN SHORT again (last time I swear) @ $771.69.

No one has said this is going to zero. Just time to find a better spot to reload.

I had not been following it

yep and still going. Now I regret not taking the trade,...LOL. But it was meant to be an educational thing anyway as I was just trying to point out some things that I look for if I going to short something.

Will see what happens in the next couple of trading sessions. Feels like a BULL TRAP. We did close above the EMA 50 which is bullsh but put in a black candle (where price opens UP higher and then closes lower than the open price). The last few times AMZN did that were also at the EMA 50 and...

You have PM

I am not sure if you are talking to me or the post above but I am shorting purely off TA. I look only at the stock and compare it to its sector. Its sector has been on a tear up and now overbought and due for a pullback in my opinion. This stock barely participated in the jump in...

This chart looks terrible. Did not run up with transports/rails and now transports/rails are looking way overbought. Expect this one to plummet when the transports have a pullback. My last public trade for a while.