Amazon Update

 Subscribe in a reader Bookmark this on Delicious

Amazon reports earnings on the 31st, expectations are that the Kindle Fire will be better than forecasted. On the chart it continues to rally strong since breaking out of the Falling Wedge formation ITZ noted READ.
Price Objective near term $200.

Past ITZ Posts

Amazon Break Out!!!

 Subscribe in a reader Bookmark this on Delicious

Amazon has finally broke out of the Falling Wedge formation ITZ has highlighted for several weeks now. Yesterday's post noted a break over $180. LINK

ITZ has speculated that Kindle FIRE was going to be a hot holiday gift, not so much on e-reader but a play on video. News today read

Amazon Update

 Subscribe in a reader Bookmark this on Delicious

Still looking for a breakout... past charts 12/14/11 and 12/15/11

Amazon AMZN Follow-Up

 Subscribe in a reader Bookmark this on Delicious

AMZN appears to have put in a bottom, ITZ suggests taking a partial position and add to it on any breakout of the Wedge Formation. Previous chart

Past ITZ Posts

Amazon AMZN Update

 Subscribe in a reader Bookmark this on Delicious


Amazon is getting hit as well as the overall market this week....we maybe getting close to an entry level.