timwest

AMZN - No high in 5-days SELL SIGNAL SETUP

NASDAQ:AMZN   Amazon.com, Inc
3
So, I'm just merely pointing out here that there is a setup where AMZN hasn't made a new high in 5-days and therefore, you could sell breaking below a previous day's low and then use a trailing stop above the previous day's high. See for yourself. I have graphed a number of examples going back to December. You can wait for a 52-week high to begin this method or try it another way. This is a simple, mechanical observation. I also have noticed through google trends that the daily unique visitors to amazon have been quietly declining for the past couple of months, which may imply a weak earnings report later this month. Again, see for yourself. Comments? Reactions?

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