Amazon (AMZN) (09/06/2005) Position: Not taken yet / Go long in a correction to $42.60/43.2 Long-term..BULL Mid-term .BUL Near-term BULL Intraday........BULL. Target..........$46-7 (and a second level on $60/62) STOP.............$40.9 If i'm long now: Wait, set a stop 40.9 or 41.9 and wait for a ride to the mentioned zone. If i'm short now. Wait for the today's high or the $44 to hold tomorrow. Stop should be above today's high or 44.05 at least. (Diego M Rolando , roclerman, roc@roclerman.com, 9-6-2005 at the close)
Nice call. I suspect it has another point or two in it. I'll be watching for a pullback and what happens after.