I am afraid the fall is going to be as steep and long as the cliff near the Mississippi river at Pikes Peak State Park in NE Iowa. Those who thought Iowa topography was flat probably think AMZN stock price after the Tuesday report will be also. Take a look at that cliff from the top. You will be prepared for the AMZN chart starting Wednesday.
when the weak hands in the bearish camp (correct on the driection for the intermediate term, but too early on the short term) have thrown in the towel. This leaves only net selling now for a few weeks or months. the market has been irrational and the chickens have come home to roost. The main thing driving this market the last few months has been fear of missing the major up trend. Well, guess what, the market will fool the masses again and go down now that almost everybody thinks it has to go up for the next 5 years.