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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!

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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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