AMZN clearly in a 3rd or a C wave down.

Fairly nicely in line with my previous AMZN update, the shares are in near freefall right now.  Below left is the model prediction from that post.   Below right is the current chart.  There is little doubt that that cliff diving of late is 3rd wave action.

Bezos is smart.  I'm sure he understands the so called business cycle (credit cycle that is).  He probably thinks this is just the normal recession.  He does not seem concerned about the stock price.  He seems more concerned about his legacy.  He probably thinks he is investing in the future given the slowness in retail spending.  Little does he know that the future is going to be a long way off.  I would guess that he doesn't realize that this is likely the bust of a grand supercycle pump and dump Ponzi scheme.  We'll know how badly he was fooled within a year.  If he expected it then he won't be mad otherwise he will be hopping mad and demanding that government "do something".

I hope this is not your plan Mr. Bezos.  I have respect for what you accomplished through Amazon.  Don't blow it right now.  Check yourself with all that spending before you wreck yourself via crash pending.