Tuesday, December 4, 2012

Very close to the red light

Seems toppy

The bullish wave that started around 16 Nov seems like it has exhausted itself.  The RumWave chart retreated a bit today.  It is now very close to the "red light" signal.  I re-entered my bearish option play today.  We'll see how it turns out.  It is very very risky and I'm playing a little bit of a timing game.

Today's scores:


It is important to remember the the RumWave method considers all US stocks (8700ish) in its calculations so the slight decline in scores today could be (and likely is) a leading indicator of a short term sell off.  If it gets triggered tomorrow I'll turn on the red light, indicating that the top is likely in.

GOOD LUCK TOMORROW!


No comments:

Post a Comment