We extend a previous paper on biexciton normal squeezing to the case of kth power amplitude squeezing in a quantum interacting system of photons, excitons and biexcitons. We find that the kth power amplitude squeezing depends on the characteristics of the initial coherent biexciton while the normal squeezing does not. Both the direction of maximal squeezing and the squeezing degree are derived as explicit functions of k. Especially, the squeezing degree always decreases with increasing k regardless of the initial conditions. All these properties are examined numerically. PACS number(s): 42.50.Dv, 71.35.-y.