This is an update of our forecast from some months ago. So far so well. Target for wave 4 continues at 126.11
Sunday, April 22, 2012
Posted by About me at 1:02 PM
This is our first EW count and forecast of AMZN. It looks like other charts, facing down in the next months, as an intermediate wave 4 and then a push up. The medium term target (wave 4,blue) is at 137.12
Posted by About me at 12:56 PM
Yesterday we post our 1 year, daily chart. This chart will help you to understand better our EW count.
As you can see, the area in-between 2008 and now is a very difficult area to count because there are some count alternatives that respect the 3 Elliot rules. We are trying to investigate some other that could help us in this kind of messy movements.
Posted by About me at 12:05 PM