At the top of the list are the stocks Outperforming the index. Question is.... Where in the Sentiment chart should the stock be outperforming and going Parabolic?
is it at the top?.... Sure in the parabolic move there is the snap back into "buy the dip" and that can be a good trade, in a daytrade or a short swing trade.
As has been sugjested the parabolic moves are in what? Retail, and in Tech. For weeks I have sugjested that on the next downturn the GREAT shorts will be in those sectors.
As per Healthcare/Pharma... that went parabolic... weeks ago.
one could suggest that pharma will break down, then later tech and Retail will. Based on the parabolic moves.
Also note that a parabolic move can be seen as something makes what is called a "Blow off Top", buy some in the industry. Differentiating the two can be the difference in taking significant pain.
but universally the parabolic moves are good short term shorts
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Saturday, August 16, 2008
There was talk about the Stock screen
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