A Near Term Trading Opportunity in the World's Most Crowded Trade?
The world's largest, most active overweight crowded trade is in Amazon.com stock
At 175x P/E what could go wrong? - An Overall Post TRUMP Rally / YB Consolidation / Correction??
Ending Diagonals Are usually dependable trading patterns. They aren't unusual. What is unusual is one that requires a LOG scale to draw it!!!
So What Can Be Expected to Happen If The Overall Market Was to Correct?
POTENTIAL CLASSIC 15% CORRECTION TO A MINIMAL SUPPORT TEST LEVEL
This Is What Happens When Movements are Exponential and Technical Structures are On a Log Scales
Remember: All the good News for Christmas Sales is Now Likely Backed in!!!
The Last Three Year Beginnings Seen Major Equity Market Draw-downs!
(Think Capital Gains Deferral - Now, Especially With Trumps Proposed Tax Cuts on Gains)
Just An Idea for you to consider!