there was more than just Cramer , there were the talking heads pumping Oil to $100 & Gold going to $1000 on lips of many pundits too , and they suck in a lot of retail that way that never bother to look at charts .
Can't think of better example than ANDE hitting that D-top & all time high @ $125 area for a place to short the momo . And there's two beautys about D-tops in the extreme overbought territory . First there's the opp to go short when the resistance & proftakers really start showing up at Alt resistance at the extreme OB pivot and get #1 good pullback . Then you get that 2nd exhaustion d-top test where the momentum players & the MM's suck in the very last retail buyer right before they crash the stock down from those OB levels.
But could see that first pullback from $125 & the OB where one short worked beautifully for over 10pts in a day clearly signalled the top . When ANDE revists $125 one more time there was no question that was it , shorts were all over it then . (mee tooo;)
Look how perfect that last D-top gets put in almost to the penny @ $125=ANDE then --->swooosH!!!
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