Tuesday, January 16, 2018 12:16:43 PM
Shares of Boeing Co (NYSE:BA) surged higher today with the Dow Jones Industrial Average breaking above 26,000 for the first time ever. However, my late morning, Boeing had reversed, forming a topping tail. Topping tails are strong bearish top signals, telling investors big money is selling heavily into the small buyer. In addition, what alerts even more strongly to a possible top and correction is the time count on the daily stock chart. This PPT Methodology technical factor, when coupled with a topping tail signal is 10x as powerful. While the topping tail needs to hold formation for the remainder of the day, this is the best signal yet for a top on Boeing Co.
Nicholas Santiago
InTheMoneyStocks
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