AMZN
is a STRONG SELL. Cycle Wave 1 has completed. Cycle Wave 2 is now beginning.
Near-Term (3 Months)
=$890
Will update.
-AB
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Amazon has probably the worst chart in Tech.
Amazon had extended 3rd and 5th Waves.
Double Retrace is in Play.
What proprietary tech does Amazon have?
Alexa?
Cloud? Commodity?
What is Amazon?
A marketplace.
Amazon had extended 3rd and 5th Waves.
Double Retrace is in Play.
What proprietary tech does Amazon have?
Alexa?
Cloud? Commodity?
What is Amazon?
A marketplace.
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Cycle Wave 2 Estimate:
Time-frame: 670 days
Percent Change: > -91.15%
Time-frame: 670 days
Percent Change: > -91.15%
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Awful looking chart...
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AMZN is about to crash...
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We are in Cycle Wave 3...
We are beginning Primary Wave 3 of Cycle Wave 3...
$855.04 is the Extension Trigger for Cycle Wave 3...
We are beginning Primary Wave 3 of Cycle Wave 3...
$855.04 is the Extension Trigger for Cycle Wave 3...
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Amazon is in Cycle Wave 3...
But, unlike it's peers has held up...
I believe that is about to change...
Cycle Wave 3 is composed of 5 Primary Waves. Primary Waves 1 & 2 are complete.
Primary Wave 3 is about to begin...
Cycle Wave 3 Target Area = $1210-$855
But, unlike it's peers has held up...
I believe that is about to change...
Cycle Wave 3 is composed of 5 Primary Waves. Primary Waves 1 & 2 are complete.
Primary Wave 3 is about to begin...
Cycle Wave 3 Target Area = $1210-$855
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Primary Wave 3 Target Area = $1,162-$871
Primary Wave 3 Extension Trigger = 1.618/$871.43
Primary Wave 3 Extension Trigger = 1.618/$871.43
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The move to Washington amplifies the already clear message that Bezos, passionately against the Trumpian draining of the Washington “swamp,” wants to be a big player there, operating from the 27,000 square foot mansion—the biggest house in Washington—he paid $23 million to buy and another $12 million to renovate. He already controls the dominant local mouthpiece, the Washington Post (which broke the “news” that he was the “anonymous” buyer” of the former Textile Museum he’s made into a one-family house), and has located his key profit-making enterprise, cloud services, in part in a new campus in suburban Fairfax. And Amazon already owns one of the largest lobbying operations in Washington.
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If Amazon had moved to a heartland city, Bezos would have made a statement not only to his employees but to the middle of the country, where the tech industry is often seen as another enforcer of the progressive groupthink. Instead, he genuflected to the preferred locations and conventional wisdom of the overclass.
Both Rich and I suspected that that the headquarters could end up in the DC area, close to Bezos’ big home, the Post and the bipartisan misfits who make up our governing class in both pathetic parties. Trump may well be gone, like the Republican House majority, but Bezos will be there for the long term, the unelected lord of a capital that, if it believes in anything, worships the toxic brew of power and money.
Both Rich and I suspected that that the headquarters could end up in the DC area, close to Bezos’ big home, the Post and the bipartisan misfits who make up our governing class in both pathetic parties. Trump may well be gone, like the Republican House majority, but Bezos will be there for the long term, the unelected lord of a capital that, if it believes in anything, worships the toxic brew of power and money.
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Amazon may be working on “database of suspicious persons” using facial recognition
An ACLU attorney warned that the patent application shows that the technology could be used to create “a massive, decentralized surveillance network.”
An ACLU attorney warned that the patent application shows that the technology could be used to create “a massive, decentralized surveillance network.”
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The top US police agency is testing out Amazon’s controversial facial recognition software, Rekognition, to sort through petabytes of video data. The move follows widespread protests by investors and employees about the company marketing the unproven software to police departments for pennies on the dollar.
FBI officials last November lamented that while it took agents three weeks of around-the-clock work to comb through a petabyte's worth of surveillance data and videos in the aftermath of the 2017 mass shooting in Las Vegas, if they'd had access to Amazon's Rekognition software the job could've been done "in 24 hours", Nextgov reported Wednesday.
FBI officials last November lamented that while it took agents three weeks of around-the-clock work to comb through a petabyte's worth of surveillance data and videos in the aftermath of the 2017 mass shooting in Las Vegas, if they'd had access to Amazon's Rekognition software the job could've been done "in 24 hours", Nextgov reported Wednesday.
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Last May, Sputnik reported that the artificial intelligence behind Rekognition, which can identify, track, and analyses people and recognize up to 100 faces in a single image, was being marketed by Amazon to US police departments for as little as $6 a month. That tiny fee gave law enforcement agencies access to Amazon Web Services (AWS).
In turn, Amazon requested that those agencies recommend the brand to their partners, including body camera manufacturers, according to documents obtained by the American Civil Liberties Union (ACLU).
A picture shows the logo of the online retailer Amazon displayed on computer screens in London on December 11, 2014.
Amazon has also provided US intelligence services with their own private corner of AWS, the so-called "AWS Secret Region", for 17 intelligence agencies to host, analyses, and run applications on government data classified as secret via a contract with the CIA.
In July, the ACLU put Rekognition to the test, finding that the software COULDN'T even CORRECTLY identify members of Congress. The program MISIDENTIFIED 28 lawmakers, Sputnik reported, with the ACLU noting that the program had misidentified black congress members twice as often as it did non-black lawmakers.
The news has subsequently caused dozens of corporate shareholders and senior engineers and hundreds of Amazon employees to lodge formal complaints with CEO Jeff Bezos, urging the company to cease its cooperation with police departments for fear of the technology being misused. In October, a letter by 450 employees also urged the company to take the company Palantir off AWS because it helped US Immigration and Customs Enforcement (ICE) track and deport illegal immigrants.
One of the major problems with these systems, web developer and technologist Chris Garaffa told Sputnik Friday, is that "there is no guarantee for innocent individuals who will inevitably be caught up in these videos". Indeed, Tatt-E's algorithm doesn't even consider the possibility of a false positive.
Further, "Rekognition technology is going to allow automated, very fast review of video, with similarly automated cataloging of the faces at various times and places", Garaffa told Sputnik, "effectively creating a database of where you were and when".
Garaffa further noted that breaches of the AWS storage system happen on a regular basis "because of poorly-configured control over who has access", creating real security concerns over such a sensitive database.
sputniknews.com/scie...e-Matching-Software/
*Amazon is not immune from the MASSIVE Privacy and Data Collection Scandal
In turn, Amazon requested that those agencies recommend the brand to their partners, including body camera manufacturers, according to documents obtained by the American Civil Liberties Union (ACLU).
A picture shows the logo of the online retailer Amazon displayed on computer screens in London on December 11, 2014.
Amazon has also provided US intelligence services with their own private corner of AWS, the so-called "AWS Secret Region", for 17 intelligence agencies to host, analyses, and run applications on government data classified as secret via a contract with the CIA.
In July, the ACLU put Rekognition to the test, finding that the software COULDN'T even CORRECTLY identify members of Congress. The program MISIDENTIFIED 28 lawmakers, Sputnik reported, with the ACLU noting that the program had misidentified black congress members twice as often as it did non-black lawmakers.
The news has subsequently caused dozens of corporate shareholders and senior engineers and hundreds of Amazon employees to lodge formal complaints with CEO Jeff Bezos, urging the company to cease its cooperation with police departments for fear of the technology being misused. In October, a letter by 450 employees also urged the company to take the company Palantir off AWS because it helped US Immigration and Customs Enforcement (ICE) track and deport illegal immigrants.
One of the major problems with these systems, web developer and technologist Chris Garaffa told Sputnik Friday, is that "there is no guarantee for innocent individuals who will inevitably be caught up in these videos". Indeed, Tatt-E's algorithm doesn't even consider the possibility of a false positive.
Further, "Rekognition technology is going to allow automated, very fast review of video, with similarly automated cataloging of the faces at various times and places", Garaffa told Sputnik, "effectively creating a database of where you were and when".
Garaffa further noted that breaches of the AWS storage system happen on a regular basis "because of poorly-configured control over who has access", creating real security concerns over such a sensitive database.
sputniknews.com/scie...e-Matching-Software/
*Amazon is not immune from the MASSIVE Privacy and Data Collection Scandal
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Note: Intermediate Wave 5 Extended.
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Amazon is in Cycle Wave 3...
Cycle Wave 3 has completed Primary Waves 1 & 2...
Primary Wave 3 is about to begin...
Any upside here will be very limited...
Cycle Wave 3 has completed Primary Waves 1 & 2...
Primary Wave 3 is about to begin...
Any upside here will be very limited...
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