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Kevin Wilde
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Kevin Wilde is the chief trading strategist at and a Master. Investors can follow his trading advisories via his Daily AK newsletter, or have their money run for them via money management services, where Kevin's trades will be automatically entered.
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  • Blow-Off Bull Approaching Terminal Reversal... 2 comments
    Jan 22, 2013 12:08 PM

    Another week of reasonably constructive bullish action that did nothing to remove the danger of a terminal reversal. The Transports breaking to new highs remain the lone confirming sign of my divergence/confirmation indicator, with volume and ADX momentum remaining in the red arrow negative divergence camp.

    Lot's of tech earning to come in the next couple of days - IBM, AAPL, GOOG, MSFT - with the reaction to those likely to break this chart set-up one way or the other.

    The red line for NASDAQ and volume breakout remains the key - and things look super bullish if we get such bull confirming action - while support at point b in the chart remains the "bears have won" trigger point.

    We remain in a blow-off rally that will likely morph into the next Great Bear once complete, and those red lines need to be taken out for the current blow-off to bloom into its full potential. A 1999-style mega bear flush-out remains a very real possibility if the bulls can deliver some acceleration to the buying.

    These High Risk years are not for the faint of heart, as the bulls and bears push the market first up then down, till a definitive victor is declared. We get closer to the latter by the day.


    Some ETFs I am long at QLD, XHB, EWG, EWH, EWW

    Sign up at to view the full list of positions held.(click to enlarge)

    Disclosure: I am long QLD, XHB, EWG, EWH, EWW.

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Comments (2)
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  • Wachholder
    , contributor
    Comments (70) | Send Message
    folks have been "top" calling for the last year, if not longer. Why is This TIME, any different?


    We certainly don't have a runaway market as the averages are now testing support price areas, and actually appears to be presenting good entries, which is what I did in Fridays' early action on 4/5 - i added back to position I lighten up week's earlier.


    Can't claim negativity will cause a top, as we've had nothing but negativity in the most hated bull rally.


    I must admit, I did not read your article, I'd like to, except it's just too long, try shorting it up, just a suggestion.
    7 Apr 2013, 12:45 PM Reply Like
  • Kevin Wilde
    , contributor
    Comments (85) | Send Message
    Author’s reply » Read my latest update
    8 Apr 2013, 10:33 AM Reply Like
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