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Climax top
Mike - It seems that parabolic moves end with stocks having climax top type action as defined by O'Neil in HTMMIS. The only stocks that seem to be hinting at this might be some of the oil and gas plays. Until we get 1-3 weeks of huge moves in the leading stocks (which would indicate climax tops), it seems these quick pullbacks are simply shakeouts. The Put/Call ratio seems to indicate we are due for another shakeout. Your thoughts?
Mark
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