Market_Alert
Short

AMZN approaching an intermediate term top

NASDAQ:AMZN   AMAZON COM INC
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My TrueCast models are flashing a number of signals suggest a period of increasing price volatility for AMZN coming up next week that will be particularly intense between Monday, July 14th and Tuesday 15th with a second flare-up to follow between Thursday, July 17th and Friday, July 18th.

I look for a multi-day price top to develop during this period of expanded volatility -- probably at, or very near a price of 353.6. Let's put a 10% filter around this center target number and call for the expected top to develop in a range between 351.10 on low end and 356.1 on the high end. When time and price targets collide next week-- it will be time to set up a multi-day short position in AMZN .

Comments

Nice call on AMZN. Quite a play.
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mktalert Quad10
Thank you. Let's see how we fare in the projected time and price range. At this juncture I assign a 9-out-of-10 chance we are on target here.
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Interesting analysis. Would you mind sharing a bit about your methodology?
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mktalert Quad10
Hey Quad,

I have developed a series of algorithms that combine the cyclical analysis forecasting techniques of J.M. Hurst with the time "squaring" philosophies of W.D. Gann. To this concoction I then add a dash of my own 20+ years of market research experience. I blend all three parts together and run it through a computerized filtering mechanism. The output I create in this manner has been trademarked as TrueCast Technology.

As W.D. Gann opined years ago -- and as I personally believe is true today -- when time and price "square" -- a trend change is imminent. In keeping with the spirit of the ideas originally developed by Hurst and Gann -- I will always post both a specific price and time target for each of the periods under consideration, ie. intraday/day/week/month.

My hope is this broad overview of my methodology has served as an acceptable answer to your question. I appreciate your interest and look forward to the prospect of chatting with you again.
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