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!
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