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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (58834)	5/4/2022 12:04:40 PM
From: Qone0	1 Recommendation Recommended By Jacob Snyder Read Replies (1) \| Respond to of 97926

To: Qone0 who wrote (58834)	5/7/2022 10:50:13 AM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 toccodolce Respond to of 97926

You've often said that the market does only one thing and there are many ways of presenting it. And I agree with that. I've also said that just before you posted this chart of AMZN, I looked at it and came up with the same numbers. But I don't use harmonics. So I thought to share how your 2nd D point and mine arrive at the same spot. The 2nd D point represents the lowest TTM price to sales of AMZN over the last 10 years. But that is not all. One way of valuing a stock is to see how its peers are valued. My favorite value metric is EV/EBITDA. Let's assume that AMZN's growth trajectory is over. Then its nearest competitor is WMT. Applying the current WMT's EV/EBITDA to AMZN will get you to the 2nd D point. So the fundamentals and technicals match. Of course, by the time AMZN gets there (if it does), the world and the valuations may have drastically changed. But that is what the HOP (and a fundamental margin of safety) is for. I just found it interesting that multiple fundamental and technical measures arrive on the same spot. Of course, now the the cat is out of the bag (and I am sure I am not the only person who does these kinds of calculations), something else may happen. BTW, what do you think of NFLX? Do you marine animals tell you anything about it?