Wednesday, December 14, 2011

AMZN is rocking

AMZN sliced though support I talked about yesterday, take a look at these charts and you didn't miss any trains here as I think there's a lot more downside in this stock.

AMZN taking out long term support intraday

 Here's the support it broke through today.

 3C is confirming...

And as far as daily negative divergences go, this is one of the worst leading negative I have seen, so lots more downside here.

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