Issued: 10/12/2014
Amazon, AMZN:
1. Last week Amazon closed below $316 (weekly close, $311.39) which is the weaker position and indicates a further drop to the original $306.00 downside target (or lower) noted in previous updates.
2. Will message any new entry based upon the above as the market continues to confirm.
David Williams
Issued: 10/13/2014
Amazon, AMZN:
1. Our previous (Sunday Oct. 12) report indicated that last week’s (week of Oct. 6) close below $316 indicated a further decline to $306 (or lower) in Amazon. Last week closed at $311.39.
2. Today’s Amazon session declined sharply and completed the $306.00 downside target (session low, $303.47, so far). Will message any further entry or indication as the market confirms.
David Williams
Issued: 10/04/2014
Amazon, AMZN:
1. Last week Amazon tested the preferred $317/$16 downside level noted in previous meetings and closed the week $322.74, above $317/$16.
2. This is the stronger position for Amazon and the earliest indication for further advance and test/attempt at $338/$40 originally forecast in previous Williams edge live meetings. This also temporarily negates any necessity for further decline to $306 noted in a previous meeting.
3. Will update as Amazon continues to confirm.
David Williams