Ugh. Shorted after it tapped through the 9EMA and started to retrace, looked like a dead-cat bounce. Stopped out as it broke the 20EMA, very close to high.
Re-shorted as it started to drop, went through both EMAs. I took this as confirmation of the dcb. Immediately reversed, and I sold as it became invalid.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-28 12:00:16 | AMZN | sell | $390.070 | short |
2014-01-28 12:05:38 | AMZN | buy | $390.850 | 0 |
2014-01-28 12:14:53 | AMZN | sell | $390.020 | short |
2014-01-28 12:25:58 | AMZN | buy | $390.500 | 0 |
Shorting late in the day on 1st up day after oversold , not much probability there.
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$389.55 is where the 50ma was at. Major support.