within a few weeks, maybe even days, im looking for a blow off top. a big move up followed by a quick reversal lower. stocks will drop by a lot and earnings may be the catalyst. whatever the catalyst, i see it happening soon. a melt up followed by an ugly reversal.
It would not surprise me a bit. Things are just too giddy and hysterical these last weeks. Tomorrow might be known as Black Monday for the next hundred years. Who knows? It is overdue. I know this... if I see too big of a jump too fast, my finger will be hovering over the panic button waiting for the other shoe to drop.
The problem with Blow off tops is they are exceedingly rare & difficult to catch as the swing hi is already in by the time you receive confirmation... very rarely do they retrace to allow even the slightest conservative entry... On the positive side, they are extremely profitable if one is able to ride the lightning the whole way south!
Unless the prediction can be narrowed down to a specific date and time of day, with a 2% (30 minutes) window of wiggle room on either side, the prediction means nothing to the community and it's members. Additionally, if the prediction can not be verified to having been publicly disseminated prior to the earliest date and time of the 2% window of wiggle, the prediction will be deemed null, void, and wrong by the ET community et al. Record-keeping officials are on virtual standby.
Have to drag in a few more Robin Hood traders first. Need some more drastic virus news otherwise it'll be a summer melt up