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Blow Off Dead Ahead


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#11 IYB

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Posted 21 November 2010 - 05:03 PM

The Seven Sentinels:
http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&yr=0&mn=5&dy=0&i=p52861189019&a=199263752&r=500.png
http://stockcharts.com/c-sc/sc?s=$NAMO&p=D&yr=0&mn=5&dy=0&i=p30255520916&a=199263753&r=86.png
http://stockcharts.com/c-sc/sc?s=$BPCOMPQ&p=D&yr=0&mn=4&dy=0&i=p53295338638&a=199263754&r=75.png
http://stockcharts.com/c-sc/sc?s=$NYHL&p=D&yr=0&mn=5&dy=0&i=p82676103556&a=199263755&r=838.png
http://stockcharts.com/c-sc/sc?s=$NAHL&p=D&yr=0&mn=5&dy=0&i=p07169580715&a=199263756&r=65.png
http://stockcharts.com/c-sc/sc?s=$TRIN&p=D&yr=0&mn=6&dy=0&i=p77814297937&a=213688416&r=686.png
http://stockcharts.com/c-sc/sc?s=$TRINQ&p=D&yr=0&mn=6&dy=0&i=p37720384180&a=213688459&r=525.png

...and the second and third confirming indicators:

http://stockcharts.com/c-sc/sc?s=$NYSI&p=D&yr=0&mn=5&dy=0&i=p16783854096&a=203924744&r=744.png
http://stockcharts.com/c-sc/sc?s=$NASI&p=D&yr=0&mn=5&dy=0&i=p11134741339&a=204027927&r=600.png

and a look at RUT:

http://stockcharts.com/c-sc/sc?s=$RUT&p=D&yr=0&mn=5&dy=0&i=p89223609153&a=199263760&r=511.png
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#12 Shazzam

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Posted 21 November 2010 - 05:35 PM

So u think a blowoff is yet to come? I wouldn't disagree as it seems most everyone (institutional investors & hedge funds) has missed the current rally. Chase into year-end highly likely in my opinion.

#13 IYB

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Posted 21 November 2010 - 06:04 PM

So u think a blowoff is yet to come? I wouldn't disagree as it seems most everyone (institutional investors & hedge funds) has missed the current rally. Chase into year-end highly likely in my opinion.

No - I had posted that on Oct 31, and the blow off occurred immediately after that post. I'm just putting my charts here for easy reference...Best Regards, Don
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds