Amazon shares now going nearly vertical.

The Amazon chart has "bubble" written all over it.  I don't know when it will pop and neither does anyone else but the market eventually hate exponential increases.  Here is the long term chart.  If this is a 5th wave (which it may well be) expect a pull back to the prior 4th (about $180).  Such pullback would likely be a dramatic "vee" style move because the last pullback of this wave degree was a sideways move:




Here is a closer chart which may be showing the shares in the final stages of an ending diagonal.  The revelation of poor holiday sales could easily dampen retailer investor confidence and I think fear of higher health care costs will clearly impact holiday buying. 



Time will tell but Amazon looks frothy even without considering its forward PE of 146 and change: