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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