WilliamSignorile

AMZN DOWNSIDE TARGET COULD SEE 1108 AREA

Short
NASDAQ:AMZN   Amazon.com
If one looks at at the last I.T. decline dec 2015 to feb 2016 you will see the drop was 31.8 % in the value of the peak and if you look for a similar drop it is 1108 it is also the bottom of the BB bands on the weekly chart . if you look back to 2002 print low every drop on the weekly saw the bottom of the bands before the next major rally the price popped thru the top of the weekly it was a 100 % of the time . as well it will mark a .382 of the rally from that low of 285 to 1618 area. 3th the drop to 1108 area will also be .75% of the rally from sept low 2017 .4th the drop into feb9 was 233 point wave A. times WAVE B UP TO 1618 WAS 1.5 TIMES WAVE A DROP THEREFORE I LOOK FOR THE MAJOR SUPPORT TO BE SEEN AT 1110 TO 1097 FOR WAVE C LOW

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