I’ve allowed a little more leeway than usual for this correction in the lunatic/FAANG stocks.  AMZN in particular was long overdue for a comeuppance. If this is it, we might expect the stock to fall a further 136 points, or 12%, to the green line shown in the chart. More likely is that it won’t get anywhere near that price — will in all probability turn sharply higher, as it always has, when the stock’s canny sponsors throw the switch. If this is in fact the beginning of a more serious shakedown and the stock actually does fall to the green line, it would trip a ‘mechanical’ buy signal there that would be the most opportune we’ve seen in a long while. AMZN would still be ridiculously overpriced at 1025.05 — but hey, who cares about the math?