AMZN - Update - Another retailer in trouble?

oliverrathbun Updated   
NASDAQ:AMZN   Amazon.com, Inc
This is an update to my August 8th sell publication.

A sell recommendation...Appears to be a common theme among retailers...

As you can see there was a breakdown through the white median line on October 28th.
I believe we are now in the middle of the "C" wave with a downward acceleration about to commence.
My price target is in the mid 50's area... TBD .

Weekly view here

Market activity has prompted me to re-evaluate my AMZN opinion. I am bullish on the general market for the INTERMEDIATE term. I think It's going to continue to be a traders market with a bias to the upside for the next 6-9 months. This update is my current wave count with re-drawn long term price channels.
Here is a WEEKLY view in Log scale

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