Sunday, February 10, 2019

#Amazon Review $AMZN

Amazon Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Amazon's trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.

Subscriber Comments:

Amazon sits right on a key weekly reversal. It doesn't matter what we think will happen, there's only what happens. A close below the weekly reversal (middle column), favors a test of the next lower reversal. This possibility should force AMZN and US stock market bulls to at least contingency plan.

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