"Sharktooth" distribution chart followed by "Amazon Falls"?
charts a like monday morning quarterbacks there great at telling you where stock has been but ain't worth a #$%$ at telling where its going. So if amzn reported a great earns tomm morn the chart would be a bunch of #$%$.
Boy are you wrong about that. Charts and technicals in the short term absolutely do work as short-term predictors regardless of long range fundamentals. Do some research on elliot wave theory and fibanacci retracement, arcs and fans. The investor that combines the two (long-range fundamentals and short term technicals) has the best chance for success.