AMZN’s steep dive today turned a weak ‘mechanical’ buy signal into chop suey, but the weakness won’t start to look serious until such time as sellers exceed the structural support at 1855.55 recorded in mid-August (see inset). Were that to occur, the stock would be signaling a new kind of weakness — or at least a malaise that hasn’t been seen in a long time.  My gut feeling, however, is that the weakness is being engineered by the usual fraudsters looking to accumulate shares at fire-sale prices. The stock fell on news, after all, that the company was investigating a bribery scandal in China. Reportedly, some Amazon employees have been selling data that would give certain vendors and edge. This sort of corruption is par for the course in China, one of the most corrupt countries on Earth, and pretty dog-bites-man, as far as such stories go. That’s why I think it’ll blow over. But we should still pay close heed to the downtrend, since it would signal genuine — as opposed to stage-managed – weakness if it starts to exceed ‘D’ correction targets on charts of minor degree. _______ UPDATE (Sep 18, 6:13 p.m.): Buyers recouped most or Monday’s losses but left a challenging shelf of supply just above $1970 untried. Let’s see how they handle it on Wednesday._______UPDATE (Sep 19): Wednesday’s weak performance did not change the technical picture._______ UPDATE (Sep 20, 10:09 p.m.): Still no change. AMZN looks to be basing for a run-up to 2082.36, but it will take a decisive push above p=1984.89 to make this an odds-on bet for the near term.