It went from 5000 to 1250 during the so-called internet bubble and it crashed similarly during the investment banking collapse. Right now it is at 4270. Certainly a long way to go. That would take AMZN down to about 50 bucks.
They get their addicted customers high as a kite. Then they withhold "product" as their customers get strung out. Today, for example, they decide it's a good day to give them a "taste" of the euphoria they crave, maybe pick up some new customers looking for the thrill of easy money. Trust me on this. It will be short-lived. It does not make good business sense to let them "ride that train" for very long.
This is a short term trader's market. Nothing more. And if you think you are going to beat the machines, think again.
That's what they want you to think. IMO, Wall Street trading has become irrational in light of the many facts that point to an economic collapse. The manipulators can resort to propaganda only so long until enough people jump ship making it impossible to keep the ship afloat. The Fed has tried mightily to keep things going with zero interest rates. Now, negative interest rates have entered the discussion. The only hope of the manipulators is convince enough people that the market is their only refuge. If that fails to catch on, we will begin to see mass withdrawals from financial institutions, which will only hasten the collapse. Bullish? I think not.