Sunday, January 26, 2014

What does a exponential rise look like?

Biotechnology Index - Nasdaq
 What does a exponential rise look like?

Just take a look at the three charts above. Google the last chart is not that extreme, but still. I have added my preferred count for Google below. This count also indicates that a top could be nearby and a massive decline just ahead.
Amazon looks as it's about to break lower. All that's needed is a break below 379.50.
The Biotechnology Index is clearly the most extreme, but we need more evidence to confirm if wave 5 is in place. However, it's worth to keep an eye on the slow stochastic indicator, as it just may prove to give us a good clue to, when the top is in place.

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