1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.
I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.
I Hope this helps,
Juan
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AMZN fell strongly yesterday, which was right on the forecast by RET. Be sure to check my web site for Elliott wave anlyses, and come back here for questions and comments:
http://www.pathometrix.com/AMZN.html
The updated charts are here:
First, short term, the downtrend is a double zigzag, currently in wave y.
Once this wave y is completed, it will signal the end of wave b of a flat that started in April 2005, we are in the late stages of this flat:
Once the flat is completed, a rally up will meet the long-term target of $50 to $60 by the middle of 2006.
4 comments:
Juan,
CRC or PCCRC?
I reckon sideways trade perhpas down further and closer to $30. It is a cyclical Stock. I am just looking at the price it went down to last year. There is a squeeze on consumer shopping post Christmas and the price of oil is still high and perhaps could go higher....
AMZN does not fit any of my triggers right now. I posted the Elliott wave analysis because I had done so in the past, and this is an update. You and Accountholder had asked about it.
If you pressed me on it, and based on the Elliott wave analysis, I would be looking for a buying opportunity as it forms a bottom, with a target of $60 toward the end of the year.
Juan,
The LCRX trade is going well so far. It is an encouraging first trade for me.
Overall market should see a push upwards soon for S&P500. Index should find support above 1245
Fortitude,
That is great!!! LCRX is way to go...
Note: I dont have real trade for LCRX.
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