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AMZing
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AMZing

AMZing

by The MoleJanuary 14, 2009

Just a little comment cleaner for you guys.

Was looking at AMZN this evening and it looks like this would be a nice play if it breaches 48. Probably good for 4-5 points.

Alright, I’m off – have some NinjaScript coding to get into. Good stuff to come on the Zero front 😉

I’m back with XLU – check it out.

What’s the chance this sucker pulls back into that ascending triangle? FYI: an ascending triangle is usually a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. I think we might have ourselves the rare case of the latter here – an ascending triangle breakout to the bottom finalizing its downtrend. BTW, I also love that ominous candle there… what you guys think?

Cheers!

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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