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Amazon.com, Inc. Message Board

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  • pauldominick41 pauldominick41 Dec 10, 2012 10:09 PM Flag

    "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 #$%$.

    Sentiment: Strong Buy

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    • 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.

 
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