How to view the entire chart:
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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Although AMZN's wave II should be followed by an aggressive wave III, today's earnings suggests that a bottom is far below current levels. AMZN should go down and volatility will likely drop after earnings. I have plans to stay in the trade is the gains are not forthcoming.
It is quite clear now that wave Y is still in progress. This is a zigzag, and waves A and B of that zigzag are now complete, and wave C will soon beging tomorrow morning. If C is more often than not of the same duration and length as wave A, then the targets of the present analysis are very likely to materialize.
2 comments:
Juan,
What in your opinion is the time frame for the end of wave y?
I think in the long run this will recover back to the range that you have brought to our attention.
Hi Fortitude, we missed you. Welcome back.
I have dealt with this issue in a new article. I believe AMZN has some downside still, and it will take time for it to recover. However, if a wave III starts, it should be quite strong. It will require a lot of patience, though.
we are looking for a strong move down, and then a strong move up.
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