This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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Monday, November 29, 2010
Amazon : End of the Amazing Run ? The final Doji Nailed it ??
Amazon is this it ? The end of the final run. The last breath ?? Stochs at extreme high, trading day ended with a Doji right at the resistance line. Only thing in this pretty reversal picture is the price gain with high volume. Although having said that it still is a Doji as compared to a bullish candle bar. High volume could be attruibuted to expiry of Nov option....All in all watch this space for added weakness and thus reversal to $160 then $120 !!
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