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AMAZON - is the Bubble Bursting? Key Support is around 1730.

The present decline in AMAZON could be an irregular Elliott-Wave FLAT.
Wave C will be 1.618 times the length of Wave A at around 1735.
The price might as well hold at this level.
However, a break of 1730 would signal that the BUBBLE is bursting and the stock could fall to 1620, 1550 or 1250, if not even fall to the range 1100 / 930.

Rolf Bertschi