Possible market correction. Amazon is on exponential trend since inception. It must go vertical now or correct. It will correct, it's fair to say, but how much? My guess is looking at complete history (below), it's time for a more significant correction (38%).
Amazon's entire business model is about up scaling existing businesses as it enters various sectors. We see this with its takeover of Whole Foods in USA. Possibly will fire all humans and replace everything with an automated retail experience. Bezosbot has said it would prefer to replace all carbon based lifeforms under its dominion with robotic AI. If successful this Ponzi has a long way to go. We hit $2000. How about 5x that in next decade? Crazy? We'll see.
I'm not shorting just watching this one.
Amazon's entire business model is about up scaling existing businesses as it enters various sectors. We see this with its takeover of Whole Foods in USA. Possibly will fire all humans and replace everything with an automated retail experience. Bezosbot has said it would prefer to replace all carbon based lifeforms under its dominion with robotic AI. If successful this Ponzi has a long way to go. We hit $2000. How about 5x that in next decade? Crazy? We'll see.
I'm not shorting just watching this one.
Note
If Amazon is to maintain exponential growth as it scales then corrections to trend are needed. Here an example curve with corrections. Note
Bezoscoin hanging man candle followed by bearish engulfing on monthly chart Note
Soon Note
either bounce above 1600 or bounce around 1500Note
Bezoscoin flying. Looks like we are on B-wave up.Note
WIll bounce this week or next. Amazon and Apple will surprise many a bear.Note
Next leg of Trump's Trade War, the G20 Truce. Many hoping this will lead to a surge in stocks particular Amazon and Apple which have been two of the biggest gainers of the last few years and are sorely in need of a relief rally. Note
Getting there Note
Amazon net annual profits 1995 to 2018 twitter.com/BarclayJames1/status/1096752912263450625Note
Amazon supermarket roll out theguardian.com/technology/2019/mar/01/amazon-grocery-stores-whole-foods-los-angeles-reportNote
Mackenzie wins 25 % of Beozs' stock. Time for last leg down? theguardian.com/technology/2019/apr/04/jeff-bezos-mackenzie-amazon-divorce-deal-control
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.