How do you see AMZN now?

I feel a small head and shoulder is building and it is in the early phase of short confirmation. Today it is up because they are adding a customer video review to their site. Any flat or down close today, will confirm a down trend. I believe consumer confidence will also affect online stores. I think AMZN can drop $10 to $78 soon ( 2 weeks). Any idea?

 

AMZN will rebound to 100 after making a 2 month base in the lower 80 dollar range.

 

With all due respect, the problem that I have with your way of looking at the market is that you see the future rosy for general market but I am not that optimistic.

 

the indexes will trend higher for the last 2 months of this year

 

I believe shorting AMZN or profit taking AMZN or margin call just kicked in.

 

This is the set up for a perfect cup and handle

 

all the tech stocks are weathering the storm well ...

http://www.profitquotes.com/commodities-quotes.mpl?a=detailed&ticker=aapl,+goog,+bidu,+amzn


and regarding the next two months, watch out for investors selling hard into december wanting to take the tax losses. any dog that is down now is bound to get kicked a few more times before 2007 is through