So far so good with this model. I see one more wave down to $500 and then I think the market has to make a major decision. It has to decide if this pullback is going to be a 3 or a 5. If a 5 then it will follow the red path which is currently my primary model. If a 3 then the pullback will be a 4th and then wave 5 will unfold like Avi is modeling (blue path).
If it goes the blue path then be sure to watch this one finish that 5th wave up and when it happens it will certainly be time to load up on the leap puts.
Some day the fact that AMZN has rarely made a profit will finally matter to investors....
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