The Party is Almost Over for Amazon and the U.S. Stock Market


I have been following the markets closely as most have and I wanted to share my thoughts on Amazon, and on the stock market.

Prior to our pull back with the entire stock market at the beginning of February, I was watching Amazon shares closely, monitoring it's bubble formation.

It was very clear to me that we would see a quick pull back at $1500 if we were nearing out topping for the bubble. And right on the dot, we did it. And so did the entire market stock market at the same time. It all fell.

Now, we have to say, where are we going from here? When I look at the formation for Amazon, we are approaching our bubble blow off top, which occurs at $1750. I assumed the DOW would rally up to 28,000 points along with Amazon, but it's not. There does not seem to be the overall recovery going on with the DOW. So, what do I think? Well, I don't think we can really measure the DOW at this point. It's not going to give us a real target. But I think Amazon will give us the clue.

BE PREPARED! Watch what Amazon does at $1750, and see what the rest of the market does.
Comment: Amazon broke out of triangle, finding support on top, making bull flag, bull flag target... $1750. What do you know?!


Comment: Still on track. It looks like it's making it's final run at it. Hold on to your cookies, grab some popcorn, and sit back and enjoy the show. It's going to be a wild ride.

Comment: I can't believe we are finally here. It's looking very likely that the top will be in during tomorrows trading. Time to prepare to close your longs, and open some shorts!!!! The stock market crash is finally upon us!!!

What are you thoughts on how the stock market can affect the crypto market?
SecludedJ JoshuaVanier
@JoshuaVanier, Not enough data to really know. 2017 was an epic bull run for the stock market. It was also an epic bull run for crypto. The stock market seems like ti needs a 1-2 year cool off. Crypto seems to as well. So, hard to say really what will happen. I think if big investors are scared of investing, and if retail investors are scared of investing, that would probably translate into the crypto space as well, which at this current time, is a speculative market.
The dow this week is very weak despite there being no particularly worrisome news, in fact, in spite of good news on inflation. Why Secretary of State Tillerson leaving should worry markets, as some reports opine, doesn't seem clear. But what exactly is the clue in AMZN?
SecludedJ iGoddard
@iGoddard, The clue on Amazon is that I was waiting for $1500 to be a clear sign of a pull back. This is sort of the "Warning Shot" stage of a bubble. And I was waiting for this exact moment for weeks. Then, as we approached it, I waited anxiously for it to hit $1500, and the day it did, right on the nose, the entire market took a 13% dump.

With all the fib lineups prior to that moment, and the anticipation of $1500 being our last big pull back before the bubble pop, I feel pretty confident that our top is at $1750. Since the whole market took a dump the exact time Amazon was expected to take a dump, then there is the chance that we can expect the market to make the exact same move at the exact same time Amazon is going to pop this bubble. Which according to my measurements and expectations, occurs at $1750. So, when we are getting close to that $1750 mark, it will be interesting to see what Amazon does, and what the whole market does, at that exact same time.
iGoddard SecludedJ
@SecludedJ, Thanks for the detailed reply! Ya, how long can the parabolic growth keep going on. I also saw the Feb correction as a sign of cracking up at the peak of a bubble. But a couple of my ideas posit a bullish path suggested in the post-correction rebound, but I'm not so confident in it with this week's weakness. There was early action today that looked like huge buys but that mostly evaporated later in the day, suggesting were it not for big-money buyers, today might have been much worse. So widespread bullishness seems waning, but that's just my limited-perspective impression.
Are you bullish on AMZN reaching $1,750?
Most people have no idea how bad things are going to get. Greed will be punished, and it will be felt throughout the world.
Before party is over, there will be a big up first, party still not over yet. Just set SL here. Thats the way we make money.
+1 Reply
1600-2000 is in the wathing zone
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