Wednesday, October 27, 2010

Cycle Amzn

Furnished by request.  Here is a longer term outlook.....  The longer 270 day (Gann cycle length) should top around Nov 19 and appears to be dominant.  The short 90 day cycle (Gann cycle length)  should bottom around the end of the second week of Nov.  This may lead to sideways action in AMZN as it goes through a topping process.

The short cycles are 34 days (Gann cycle length) and an 18 day cycle (Hurst cycle length).  18 day cycle is down and 34 day cycle is up into around Nov 18.  Again suggesting sideways movement for the next 7 or so days.  Chart suggests a target of around 155 by late Nov.

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