Nathanael
Short

Amazon Selloff will continue after poor ER

NASDAQ:AMZN   AMAZON.COM INC
We might see an attempt to fill the gap here after a poor ER, but in the next few months, we should continue to fall overall.

It appears we are on a corrective C wave down, and if A=C, then we could go as low as 245. Wave 4 also ends right in that area, but to be safe, my target range is between 250 and 270.

Good luck
just looked at your analysis, after looking at Amazon myself... Glad to see someone with a similar idea
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This is a very plausible scenario. In short term though, it is likely to see price perform "Gap Filling" and trade counter to the overall bearish trend.

"Gap Filling" on Investopedia: http://www.investopedia.com/articles/trading/05/playinggaps.asp
+1 Reply
Nathanael BreakOutArtist
I agree, i will look for an opportunity to short as we fill the gap
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