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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (19680)

8/4/2017 3:04:50 PM

From: Fintas

Respond to of 33421

AMAZON.. I came close to buying it way way back. But had I bought it off it's lows way way back in the 4 area it would have done a chapt 11. DITTO NETFLIX. Yet I was a big supporter then and now of BOTH..

However this RSI PNF chart that closed at 26.1 ish and could push another X UP and Y% would suggest caution because to the flip side it will take min 20% to turn those X's to O's and if so then that 18 ish beckons which is more than 20% and IF for some reason there's some FA issue out there a try for 14- 9 RSI?.. DOUBT it.. But I like to see all sides.. UP and DOWN. SOOOO 810-746? TWT

So if I owned at 4 ish.. I would have been saying assalama, massalama at the 1050 plus.

IF I owned it at the 500.. I'd be pro active in some form to make sure I captured any downside to hold for continued upside or?

On an aside I used to be very annoyed at how many mocked Bezo's laugh on CNBC. I have enjoyed watching the success of Amazon the company, the stock and Bezo's.

Fintas

e Obj: N/A Reward to Risk: N/A

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																																					08
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24.8216																																																			A	24.8216
23.3067																																																			9	23.3067
21.8842																																																	C		5	21.8842
20.5485																																																	B	O	X	20.5485
19.2944																																																	X	O	X	19.2944
18.1168																																																	A	2		18.1168
17.0111																																																	9			17.0111
15.9729																																																	X			15.9729
14.9980																																																	X			14.9980
14.0826																																															C		7			14.0826
13.2231																																													X		B	O	X			13.2231
12.4161																																													9	O	A	O	4			12.4161
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8.5092																																											B	O	9							8.5092
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7.5022																																									3		X	2	X							7.5022
7.0443																																									X	O	A	6								7.0443
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5.4757																																									X											5.4757
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2.4149	X	O																									3			O		2	X	2			4															2.4149
2.2675	X	O																									B					O	X	O	6		X															2.2675
2.1291	X	O																									X					6		3	X	O	B															2.1291
1.9992		C																									A							4	X	O	X															1.9992
1.8771		O																									X							5		7	A															1.8771
1.7626		O																									X									O	X															1.7626
1.6550		O	X																						X		9									O	X															1.6550
1.5540		O	X	O																			X		X	O	X									8																1.5540
1.4591		O	X	O																			5	O	X	O	X																									1.4591
1.3701		O	X	O			5																X	O	X	O																										1.3701
1.2865		O	X	2			X	O	X		X								X		X		X	7																												1.2865
1.2079		1		O			X	O	X	O	7	O							X	O	3	O	X																													1.2079
1.1342				O			X	O	X	O	X	O							X	O	X	O	X																													1.1342
1.0650				O			X	O		6	X	O							X	2	X	4																														1.0650
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