3% in the last 4 trading days to the 2007 top:
http://screencast.com/t/JDaCn8y2
15.8% in the last 3 trading days prior to the 2000 top:
http://screencast.com/t/SVcJuqdPO
5% in the last 3 trading days prior to the 1987 top:
http://screencast.com/t/JqmijNhODx9
3 consecutive significantly positive trading days in a topping area and you might think about it...but maybe not too hard, I mean, rallies do occur. But if you're otherwise in the area of a major top and get 15% in 3 consecutive positive days, you might think about the year 2000. And what happened pretty much immediately after the 2000 and the 1987 tops? In 2000 there was a 33% decline in 14 calendar days. No dinner and dancing…. In 1987, because NDX topped late on 10/6/1987, you had the crash just 16 calendar days later. 2007 took a while to get its mojo ramped.
More interesting, if "all the tops" are behind us as the bandwagon of analysts had loaded up last month, its really taking a long time to get started to the downside in earnest. Heck, NDX only today took out the 2/5/2014 low today (4/15/2014) and this is more than a month after the 3/7/2014 NDX top. And when it printed today, the lower low today, it immediately bounced 70 points. Megaphone/expanding ending diagonal triangle in NDX?
Things are really seeming different this time?
You might want to file this in the "If…., then I do this" file pending circumstances that might or might not manifest.
Jim
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