Hi Bill,
If the top is close, it's very close. No way will I sell out, but my indicators are saying 'hey, watch it!' It could just keep going and break the bounds of earth. Very possible, and, if so, we're just headed for the next higher level of resistance. This top is only a trading top, if any at all. DOW 7500 should hold, but I'ld rather see 7700-7750 do the job.
Yes, a coil like a spring. Lower highs and higher lows winding tighter and tighter. When it goes, it really goes. They're like little tornadoes in the chart. It reflects confusion in that distribution period. When it resolves, the move is usually pretty swift. Let's see which way it gives.
GZ |
