has had a fantastic rally the last few days; however, this raises the question: Will it last? Assuming we get above average volume
tomorrow I believe it will. When looks at the DMI
cross overs for the last 9 months one can see that 7/8 times they have properly signaled the trend, and given that we had a crossover yesterday I think the upswing should last at least a few more days. Furthermore the EMA
has also had great success over the last 9 months, with the exception of the recent consolidation, and appears that it will crossover tomorrow. The only issue I have with AMZN's current move is its terrible lack of volume
, and for this to continue this must improve; hopefully the shortened trading week, and the end of month will spur traders in to big name holdings. As long as we get proper volume
tomorrow, I'm very bullish
on amazons short/medium term growth; as my earlier analysis indicates we are not due for a major correction .