spent some time in the Navy and, one time, we (two seat Tomcat) decided to “see how high we could get from sea level” off the coast of SOCAL. So, we lit the afterburners and got going pretty fast and then the pilot smoothly pulled back on the stick and very soon we were pointing 90 degrees nose high and climbing like a bat out of hell. Pretty cool … and we kept climbing and climbing and finally (you could hear the TF30 engines grasping for any air) topped out around 55K feet or so … you could see the curvature of the earth. The ECS (environmental control system) was working overtime trying to keep the cockpit pressurized and …. we simply couldn’t go any higher, even w/ the engines going FULL GRUNT AFTERBURNER, it simply stopped.
guess what happened next? we fell like a stone … just left the hands off the controls and that was it … we had exhausted the power of the Tomcat to go any further …
folks, same thing happens w/ stocks. IF you can get into a pre-parabolic move based on your decision criteria (technical or fundamental) then ride it and go w/ it …. however, once you “sense” the parabolic stage then take some money off the table. I’m going to say it again … they have NEVER ended well. and depending on the size of the motor taking you straight up – it will eventually fail. Gravity is real in both a physical and subconscious way. Subconscious? Yes, the euphoria of the monster bullish move and the despondency of the bearish move will, eventually, yin-yang you and take off in the opposite direction.
here’s MO … were either “here” now or close to being parabolic. stay tuned …
continue to make it a great week.
Bart
