most of the time, inside days are continuation patterns. and the harami is under resistance, so more indicative of continued move...but you may be right still...we have had 2 days in a row with premarket heavily green...I wouldn't be surprised if we have a "blow off bottom" tomorrow.
there you have it, bring amzn high enough to make shorts cover, and if they don't take it higher still...even if earnings are a sham, the company declares bk, they will prob take it up..
we should but either too many put buyers or MMs in love with amzn will prop this up. All recent amzn endeavors have been flops and there is little to justiffy current PE. Retail is suffering and baba will give enuogh competition...but they may wait until all shorts are out of their put money before taking it down.
IMO this is just the MMS unloading all the shares they bought the last 2 days to prevent amzn collapse
You need to get a grip. All ur predictions are wrong. Pepsi is old news tomorrow... Markets and opex manipulation may take it higher but amzn broke a massive support.may consolidate but i dont see it going much higher...
it has been very resilient with 320...I guess it's just one of those stocks that should go down but won't cuz every one is short
I still am bearish although this was a strong bull day. Spy is below 50, spx closed under the trend line, although over the 50...vix was way up too which is a bit curious.. But u have bren right much more than wrong so i may be covering soon !
Who is buying at these levels? And when is overvalued actually overvalued? I went short fri via puts but too early if we go lower here i dont see it going higher ... But once everyone starts to get short they take it higher each time
Well you have been right the last 5 years w this theory..and if markets go up u may be right again....but markets may be broken and amzn will go with them. I think u will be richer if u wait til 250-80. Still they may try to screw short term shorts by taking it higher but it did break on fri whether u like it or not...the longer it hovers at 320 the more likely it goes down
well history has said you are completely right...I just believe everyone and their mother bought spy calls with this move, cuz each time, we go up 50 pts in 2-3 days...I can't believe they would let that happen...the hs pattern did play out though...
thanks...I also saw a hs pattern on spy, which usually signals trend reversal...something we haven't seen for some time. but I have no confidence in shorting so I may just stay out.
you really think higher here? I thought if we close above 199.7 then we would be up, but I think until that happens, we entered a downtrend channel....that started early september.
you would think...but markets can't seem to go up less than 15 pts following down days...tomorrow may be another 30...up....its just the way the market is...can't go wrong buying calls ever...cuz it will always recover...puts be careful...
Point is not that amazon will succeed...the closer it gets to success the less future growth will be valued. At 150 billion market cap, it needs to profit 10 billion a year in the future. Do mms want to buy this here? Or would they rather take it to 250 to take it bakck to 400? You take your gamble...but amzn is not in 15 year presuccess anymore it is successful and it only gets harder to make multiples of tens of billions....to substantiate market cap...never marry a stock, it doesnt care about you.