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End of Consolidation Warning for Amazon

The consolidation warning that was issued for Amazon (AMZN) on 10/10/13 has been cleared.  This signal was a huge miss and illustrates two points that I often mention.  The first is that trading against the trend will lower your batting average.  The second is that the execution of a trade is much different than trade signals.  A person who tried to short AMZN on this signal would have got a warning the very next day as the stock moved higher. A week later the stock gapped to new highs.  This should have told anyone short the stock that the signal was a miss and consequently it was time to take the loss and wait for another opportunity.

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