This will be the shortest post ever……….a trading friend of mine just wrote me and shared this interesting article called The 64-Month Bubble Pattern. It matches almost exactly the thoughts I was offering in my Six Six Six post from last night. The funny thing is that I didn’t set out writing the post with a conclusion already in mind. I was merely curious, and I counted out the months and was a bit shocked to find such a similarity. Anyway, check out the aforementioned article, since it’s a pretty cool correlate to my own (independent! honestly!) thinking.
In a market like this, maybe I should just stick to long ideas. On Friday, I suggested that Sky-Mobi was breaking out to the upside. Well, the next trading day (today), it’s up about 13% (at least as of now, when I’m typing this). It might relax some to fill that gap, but long-term, this stock looks even better than it did Friday.
It’s been literally six months since we’ve had a selloff like today’s, and it was delightful. Of course, Colonel Kilgore’s warning that “…someday, this war’s gonna end……” is echoing in my mind, since Yellen and her ilk always come along and screw things up just when it’s getting fun.
In any case, here are a few charts to allay my blogger’s guilt (and I must say, I am NOT feeling guilty about my Slope+ ideas in recent weeks, because Good God Almighty, there have been some gems in there………….it’s particularly gratifying, since a lot of annual renewals have been coming up in recent days!) (more…)