[F.A.N.G.] An Elliott Wave Look At FB AMZN NFLX GOOGL

FB: Despite today’s big drop in the indices FB is raging higher…highest 1.618 target on the 6 month chart is as high as 145-150 so there’s a long way to go here.

AMZN: A = C or downward 3 would break 540 to the downside and setup a move to the low 500’s at worst..the gap down recently on earnings is a real nasty momentum breaker and downside momentum is pretty much the clear path.

NFLX: Could be 5 waves down in NFLX complete, so the best case scenario is a full 618 reversal..target could be as high as 110 on a 618 reversal.

GOOGL: Broke 800 with no problem on earnings..momentum on a 1.618 would be 980-1000

 

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The secret of many top analysts and traders...(in fact mutual fund managers, hedge fund traders and even a couple seat owners of the NYSE are subscribers!) Wavegenius.com. Ted "Wavegenius" Aguhob since 2001 has profited on 80%-88% of his trades EVERY year since the inception of his blogs and websites..Ted has made and incredible amount of calls during this period including: 1778% gain in 03-04 from swing trades, The 2009 bottom lows of S&P DOW and NASDAQ literally right on the number, the massive 3rd waves when SPX made it's run from just over 1000 to 2400+ that we're seeing now (these calls were written by Ernie Varitimos on articles on the FRONT PAGE of TheStreet.com, Yahoo Finance and MSN Money for a week), The exact all time low of Apple and Facebook and the huge move that followed on Youtube videos, and he's had Top 20 Charts of stocks that 90%-100% of the time were accurate...at the time the calls were considered insane to most and hundreds of his charts have been like that..until they actually happened...as a result Ted with a tiny audience made almost $177,000 in 2013 as one of the top earning blogs in the country. His following is beyond fanatical, and has been hidden away for many years with many websites and competitors refusing to partner with him..mostly because he'd walk in there and take away many subscribers and traffic from them...

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