Take a look at the -DI line I have circled at the bottom of the chart. Last time this line was this low was just before the bubble popped. Well, you can ask youself, is this different? AMZN is trading at almost 52 timex 2004 earnings. That is absolutely ridiculous. The only reason this piece of crap is going up is because of all the morons shorting it. Look at all the puts for the current month. No way it goes down, but don't even think about buying it. That is just crazy.
stockcharts.com[w,a]whclyyay[d19970604,20030604][pf][vc60][ilb14!la12,26,9!ld20!lp14,3,3!lk14!lah12,26,9!ll14][J12049105,Y]&pref=G |
