AMZN Ready To Turn Higher?

Posted: March 2nd, 2011 under Predictions, Stocks.
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Amazon AMZN

AMZN has plenty of spiral calendar alignments on March 2nd: f1, f3, f4, f5,f6,f7,f8,f12,f13 indicating a possible turn higher ending a corrective flat wave 4 from the Jan 18th high. Other stocks and indices are not as clear and may require more time to complete their respective wave 4s since they started a month later than AMZN. This conflicts with the preferred Elliott Wave count for the broader market which is that Intermediate C of Primary wave 2 topped on Feb 18th. The Feb 18th highs (Jan 18th for AMZN) are the limit of any upside if the bearish count is to survive, and AMZN may provide an early counter-example of bullish price behavior.

Spiral Calendar Turn Dates Chart For Amazon AMZN for March 2nd, 2011

Spiral Calendar Turn Dates Chart For Amazon AMZN for March 2nd, 2011 – click to enlarge

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