Technical master Tim Wood has said since the start of the Great Bear Market Rally, that tops are reached when optimism is high and some geopolitical event turns the social mood downward. He is big on cycles of his own design, and Dow Theory.
Breakpoint Trades is also the "Real Deal" IMHO when it comes to Tech. Elliot, Fibonacci, Patterns, studies and indicators are their meat and potatoes, as is mine. You can't watch it, but you can condense 5 hours of research into about 15 minutes (I skim through the newsletters personally when market is not moving that fast. I set up alerts based on the specific stock watchlists that they provide.
The chart below are uniquely that of Hawaii Trading, search for their names in the search box to get more background on them. I designed them over years to help indicate when something is noise, and when it is not noise, or at least when to go to code orange.
They are saying "Code Orange"
Link below is a link to the Full On Newsletter from BPT. Republished by permission, free only to blog participants who come to Hawaii Trading. Enjoy, and drop a comment already!
Extensive review in tonight's newsletter of the past couple of days.
Have a great evening.
Steve
http://breakpointtrades.com/controls/preview.php?la_id=1170
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Insightful and Useful Comment!