The first 2 ellipses were the ending phases of the last 2 bull markets. Their time span is almost a perfect match. Look at the 3rd one and try to see if you see any similarities.
My long term QQQ indicator is setting up to give a big time SELL signal in MAY. [Sorry I cannot share here]. Can you guess when the last 2 times it gave those signals?
.. During these ellipses is when all the buyers out there have bought in already including margin to the brim.Now I am not saying that FED intervention cannot alter the direction of where it can go. They are desperate to keep this thing going and they might still have enough to do what they do.
Some bullish analysts now target QQQ of 95 just after this recent sell-off. Maybe they know something I don't.
Edited by dadook, 23 April 2014 - 12:48 AM.
