AMZN heads the list of ‘lunatic stocks’ to which I alluded in the latest The Morning Line, and wherever it goes, the broad averages are certain to follow. That’s why I’ve emphasized the bullish point of view in today’s tout despite Friday’s selloff. It was technically corrective, since the slide was preceded by a thrust that had exceeded two prior peaks on the hourly chart, both of them external. I cannot predict with great confidence whether the point ‘C’ low at 1400.26 will hold, but even if the stock feints lower Sunday night or Monday morning to create a new low, a semblance of the pattern shown will still rule price movement over the next couple of days.  Alternatively, if AMZN surprises and heads lower, a fall to 1348.02, or very near this number, could set up a very appealing ‘counterintuitive’ buying opportunity (A=1575.97 on the hourly chart, March 27). _______ UPDATE (April 9, 5:52 p.m.): The stock looked like hell today, but it could fall all the way to 1352.88 without altering the bullish look of the hourly chart. We’ll wait and see. _______ UPDATE (April 10, 8:50 p.m.): Use p=1443.48 as a minimum upside target. As always, an easy move past the midpoint pivot would make a further run-up to the D target an odds-on bet.________ UPDATE (April 11, 5:21 p.m.):  A pullback to x=1421.87 would trip a ‘mechanical’ buy signal, stop 1400.25.  If you are not doing these trades but merely curious to see how well they work, this is a good one to track, since, with respect to desirability, it rates about 7.3 on a 1-10 scale. ______ UPDATE (April 12, 1:44 p.m.): The stock took off in the first  hour after going no lower than 1425.00 overnight, so our order went unfulfilled. The so far high has been 1451.55, easily exceeding the minimum target and putting D=1486.69 in play.