For bellwether AMZN to complete the bullish pattern shown, the broad averages would need to be energetically in gear as well. What makes the pattern and its 307.88 target so compelling is that there are no alternative ABC coordinates that could have been used. Also, the ones highlighted are single-bar highs and lows, making it easier for the eye to project a precise move-to-target. The rally would amount to an 11.19 percent rise, which interpolated to the Dow would imply 16705 — less than a hundred points from my longstanding bull-market target at 16800.
