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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.
Valuation comes in 2nd when compared to AMZN's technicals.....watch the BOTs do their thing @ the 200 SMA!
good luck. most of the time you are right technicals rule, but the technicals on the overall markets are pointing to sub 1100, toward last years lows. And AMZN looks like it's waking up to it fast.