In spite of about a month’s worth of strength, Amazon’s long-term bearish pattern still remains intact. Their earnings come out after the close on October 26th, so unless we’ve broken above the $1017 horizontal, there’s still an opportunity for a major whack-a-doodle-down on AMZN.
Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
Just a friendly reminder to contribute to Jeff’s very worthy cause (see prior post).
There are few experiences in this life that will more fully expose your strengths and weaknesses like trading the markets… Mentally, emotionally, spiritually, even physically.
Before we move forward, let’s take a look back. Do you remember where you were in Oct/Nov 2014, and what was happening in the markets? The market was doing something that it had never done before. It was making a record number of daily advances. Day after day, after day…like the market had never before seen in recorded history. It was also the time when ATR-based trading was birthed out of the pain of my unseen bias. My trading moved from fundamental, to technical, and then to unbiased trading based on ATR. (more…)