I have been reading about Google's cloud computing, how Google has now improved the Network Operating system. It is hosting a Cloud Computing event in San Francisco and showcasing several high profile customers.  Seems the competition to Amazon AWS is getting tougher with "yuge" competitors coming in to battle for market share.

Pricing and gross margins will get tougher for Amazon thus impacting the growth curve it had been showing off in its recent earnings reports.

Speaking of AMZN, its chart has formed what looks like an honerous head and shoulder.