Thursday, February 5, 2015

Blow-off Top

I was looking for Tech stocks in late stage blow-off, but all I found were beer stocks. Tech rolled over two months ago...

Brewers were the only sector that peaked AFTER Lehman. To the right (now) is what's called a rising wedge, and yes it ends badly:



Anheuser-Busch
Gained 17% in January (558% annualized):


Sam Adams
Up 200% in the past two years


Nasdaq 100: Peaked Nov. 28th



"They don't wake you up from a drunken stupor at the top"