AMZN: The Short Squeeze

From September 30 on AMZN:

"The problem that The Bears have in AMZN is that yesterday's rally was the third move above the top of the pattern, and it also was the third CLOSE above the top of the pattern. The Bears are vulnerable to a squeeze here, especially if AMZN goes pounding through the 94.40-94.50 highs. They need to knock this back inside the channel."

From October 9:

"The Bears have a problem here with the CLOSE above 94.40-94.50 resistance and the top of the channel."

Oh, my! Huge problem for the AMZN Bears at today's open, but we could see that potential during the past few weeks ago when:

1. The Bearish Island Reversal high of 94.40 got taken out to the upside
2. The putatative Bearish Wolfe Wave wasn't bearish
3. The 94.40-94.50 "possible" Double Top got taken out to the upside

The AMZN November 95 Calls (.QZNKS) currently are up 389% on the day. Whew! I'm not fond of playing earnings or options, but that play certainly seems justifiable given the evidence.