gonna be hard for it not to if the SPX goes toward 1100 test or below that. watch the DAX, almost through last years 5500 area low, when we went towrd SPX 1010. FWIW. this is not a short term solution situation.
True value is sub 60. But those funds with a big position in Scamazon are not seeing massive redemption, yet. That's why Scamazon is still dancing around the 200 MA line. Perhaps I'm too optimistic, but we will see 200-205 this year.
Fundamentals will take Scamazon below 120, but the odds are high that we will see 205 before 160.
seems to me we are seeing more selling in AMZN now than the 1st leg down last week? as exibit A, the SPX is 42 points higher than last week's 1101 low, while AMZN busted South of 190 lows of last week. your're reasoning doesn't jive with that. I'm scaling into some TBT today and keeping short the hedgehogs.
There will be a 15 pts bounce going into Xmas. Course we don't know where the bottom will be. Scamazon looks bad on the chart, but the crooks in WS will try to pump this POS one last time. I'm long @ 187.3 looking for a bounce, but still net short.
you could be right but adjusting those 100 PE forecasts, possible way down in the "E" side leaves this much more vulnerable to any moving average line. It's just so outo whack with any other measurement around it.