I’ve used larger patterns that the one shown (see inset) to project targets at, respectively, 1946 and 2007, but to be especially cautious I’ve shrunk my perspective to produce the 1898.35 target in today’s chart.  Technically speaking, the target does not yet exist, since that would require a bounce to the green line. However, if and when the point ‘C’ low is in we can use the same pattern to get a precise handle on AMZN’s next big upthrust, assuming it comes.  I continue to track AMZN closely because if we get it right, we have a better chance of getting the stock market right. The international scope of Amazon’s operations make the retailing giant a crucial economic bellwether not just for the U.S., but for the entire world. ________ UPDATE (July 27, 1:43 a.m. a.m. a.m. EDT): The stock has rocketed 95 points on record earnings reported after the close, hitting a so-far high at 1895.00 that lies just a few points from the target I’d flagged above. The pullback since has been shallow, suggesting AMZN is capable of taking another leg up when the regular session begins on Friday. Until then, we should expect AMZN’s canny handlers to shake loose some shares with an engineered swoon.  Wish them luck, since shorts appear to have their cojones caught in the ringer.________ UPDATE (July 27, 9:45 a.m.): Buyers hurled themselves at the 1898.35 Hidden Pivot again overnight, retreating sharply after getting no higher than 1896.40. Shorts are still trapped, but it is unpredictable at the moment whether they will succumb or prevail today.