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Tuesday, July 21, 2015 3:00:15 PM
re Black Swan
We had a Black Swan Formation on the SPX with the consolidation at the 200 DMA, then gap ups with fast price acceleration and gap ups where there wasn't any buying and the gaps continued until the last few days. Generally Black Swans are tops in the markets as Bears give up and there are huge divergences in breadth and as you pointed out with the equal weighted stocks. Apple tonight, which with a gap down of INTC would create a huge Island Top Reversal and a move to 21.
We had a Black Swan Formation on the SPX with the consolidation at the 200 DMA, then gap ups with fast price acceleration and gap ups where there wasn't any buying and the gaps continued until the last few days. Generally Black Swans are tops in the markets as Bears give up and there are huge divergences in breadth and as you pointed out with the equal weighted stocks. Apple tonight, which with a gap down of INTC would create a huge Island Top Reversal and a move to 21.
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