Tuesday, May 11, 2010

Daily DiamondWise Charts: $XRT, $AMZN

XRT---Leigh Drogen (I am following him on twitter, and I respect him a lot) is shorting XRT, I will not short it, as it is still in strong uptrend channel; granted the mkt is weak and bounce volume is low
AMZN---AMZN needs break down if you want to XRT to drop. AMZN bouce volume is low, but it is in diamond edge support, unless the mkt crashs down again, I don't see both XRT and AMZN drop too much.


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