cikpahh :

TWIMO (151403908) : Are we in correction/consolidation phase?

10baggerbamm OP TWIMO (151403908) : I think it's more of a repositioning the last couple of weeks in December it's tax loss selling it's window dressing by institutions it's short sellers that are hedge funds that understand that individuals are taking some losses and they short the stock to compound the losses the compound the speed that the stock drops.
and now you flip it you've got January you have people taking profits that they didn't want to take last year you had a nasty sell-off today a couple algorithmic cell programs that kicked in it's above my pay grade you'll never know who did it you'll never know what they were trying to accomplish it's what happens every single day but not to this extent.
the S&P 500 is not too far away from a major support line and if it breaks that every one of these mag stocks are going to go for a ride.
at the end of the day you have to determine where are you from an investment standpoint are you looking out beyond one day one week one hour are you looking out 3 months 6 months one year.
how large of a position do you own if it falls 5 or 10% do you have the means to buy more an average down.
the market is always dynamic money is always going in going out you just have to buy the best companies on weakness and Amazon's a great company they're going to be around this year next year and the year after that I can guarantee you what the stock price will be at the end of the week or the end of the month I have no idea