Ricks Picks

Buying Panic in AMZN Is Getting Silly


The buying panic in AMZN is getting a wee bit silly. However, lest subscribers try to intercept it too aggressively, let me note that two Hidden Pivot rally targets remain before the weekly chart’s rally potential is exhausted. The higher lies at 2038.67, but I’m suggesting that subscribers fade the trend only if they’ve made money on the way up. It was possible to do so on Wednesday using a 1995.24 target I’d furnished, but it took nimbleness and daring, since the stock eventually went above that price. Whatever your plan, stay tuned to the chat room if you want to increase your chances of staying out of harm’s way.

Comments on this entry are closed.

gary leibowitz August 30, 2018, 4:55 pm

“Your fanatical ignorance…”


Sorry, Gary, but I’m going to bar your posts again, at least for a while. Starting a comment with the words “Your fanatical ignorance…” is no way to show respect for your host. Also, you might have had the graciousness as long as a month ago to acknowledge that my forecasts have remained steadfastly and correctly bullish, even as you amped up your rants against a bull market that doesn’t care what you think. Regarding Trump, your posts have become more and more unhinged each day, even without any specific mention of him by me.

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