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AutoZone, Inc. Message Board

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  • optionstrader008 optionstrader008 Apr 18, 2012 4:52 PM Flag

    AZO's Top in place

    The only thing I was wondering about this scam is if we`ll get a final (one or two weeks squeeze) to get a leg up as reversal....

    Anyway just as Eddie I`m writing calls itm...!!

    • fast3777 Apr 18, 2012 5:37 PM Flag

      It's a pretty good looking distribution top as is. This April formation looks to be a 1,2,1,2 down with the countertrend rally off the 5 wave low took a complex triangle form. I think we finished wave E today. Going below 370-372 would confirm the paatern on higher volume. Good luck.

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