as we approached the low a very symmetrical 3 drives to a bottom appeared:
the “first” top that appeared gave us a sell signal and about 70 bucks but the market moved up and higher …now, we are completing another pattern along w/ returning to the trend line on AAPL. So, this is a very crucial juncture for the market …
GOOG — how UnAmerican can you get – trying to short GOOG? Well, it’s just numbers and patterns so guess what we are “there” again w/ GOOG so after the near knockout punch of a simple 100 point gap in your face – why not?
classic or not that certainly proved to NOT be a head and shoulders neckline but a launching pad for a SATURN 5 and kaboom it exploded. as you can imagine the short well, took it on the chin to say the least: http://www.youtube.com/watch?v=05PKG_pWsVY !
Howard (Founder/CEO of Stocktwits) commented “as for me, I’ll stay long.” WELL PLAYED …
as for me, I’m licking the open chest wound and trying to put it all in context…
that one day accelerated price action to such a degree that in one day it EXCEEDED the entire MONTHLY price action since GOOG’s IPO. Seriously…?
the NASDAQ 100 has SO MANY parabolic charts it’s downright scary … have we not learned our lesson?
the NASDAQ 100 continuous futures contract is right at major resistance / SELL pattern area
Palladium has a very nice daily sell pattern about to complete (nice correlation in technology stocks and the palladium metal)
our 925 level held for 6 months and then, kaboom, it exploded ..hugh?
so, if at first you don’t excede, try try again (?)