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Short

AMZN: Alternate AB=CD Bearish Harmonic Setup

BATS:AMZN   AMAZON COM INC
264 5 1
http://www.infinitemargin.com
for a buck ? mmh
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Just a quick options scalp.
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with tax on online sales coming in (proposed), amzn may go to below 100 stay near $70s for the valuation to be in line with other retailers. this may happen in a month.
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Setup failed.
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I don't look to much on 5min charts for stocks, but with HINDSIGHT (I scrolled back to see a 2 days- picture it appeared like a reverse head&shoulder and your timing with the short was the revisit of the broken neckline just before with a target of 256. But then again... hindsight is a wonderful thing to have :-) have a good weekend ! cheerio
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