343 replies to this topic

[linrom1]

 

 

AMZN at $2800 is a steal according to Rick Ackerman. He is a smart cookie. If we go into a recession, they'll consolidate and steal more business.

 

 

Look at monthly chart...IT IS BROKEN

 

could get a bounce along the way though...so maybe a steal for a few days or a week or so.

 

I am looking at Fib replacements, and 50% from March '20 is at around $2700. These are huge numbers. I am not looking for Big Short here, I think we go higher. For one, we never did get those Sigma 3 days that are always present within a year of a crash. In 2007, we got one early in Feb or March as SSE crashed or something to do with China; anther one was when two of Bear Stearns hedge funds collapsed. But, we'll see.

[K Wave]

 

 

 

AMZN at $2800 is a steal according to Rick Ackerman. He is a smart cookie. If we go into a recession, they'll consolidate and steal more business.

 

 

Look at monthly chart...IT IS BROKEN

 

could get a bounce along the way though...so maybe a steal for a few days or a week or so.

 

I am looking at Fib replacements, and 50% from March '20 is at around $2700. These are huge numbers. I am not looking for Big Short here, I think we go higher. For one, we never did get those Sigma 3 days that are always present within a year of a crash. In 2007, we got one early in Feb or March as SSE crashed or something to do with China; anther one was when two of Bear Stearns hedge funds collapsed. But, we'll see.

 

 

I do not know how much more "toppy looking" you could possibly ask for. MONTHLY momo now ACCELERATING downwards,., and a MASSIVE top building process.

 

Looks FULLY cooked to me.

 

I think AMZN going to go down month after month after month,,,,unless it all comes in one fell swoop like Netflix.

 

Edited by K Wave, 21 January 2022 - 06:32 PM.

[linrom1]

It could do BABA, but, this is the one I am buying on retrace. It's going parabolic after that.

[K Wave]

It could do BABA, but, this is the one I am buying on retrace. It's going parabolic after that.

Uhhh...looks like it already has gone parabolic, and momo now rolling over hard after stall out and massive top formation, complete with the dreaded twin tower spikes...

 

Usually does not pay to fight this kind of rollover, as the downside can brutal and fast...it is literally just getting started...

 

I think COVID parabolic madness was the last hurrah, and now things get UGLY

 

Edited by K Wave, 23 January 2022 - 02:31 PM.