TigerSoft's "RED POPCICLES" OFTEN MARK MAJOR TOPS.
(C) 2017 William Schmidt  www.tigersoft.com

(The word "Popsicle" is misspelled here to remind us that the market is
cyclical. )

Eventually, even the strongest stocks give way to profit-taking
and short-taking.  There does not even have to be red Distribution or
a weak Closing Power in the case of stocks that have advanced a long ways.
When trading stocks behave like this, always watch the opening price.  If it marks
the high for the day and the close is far below it, Tiger's Candle-Stick charts
will display this day as having a bearish RED "POPCICLE."
Example of  a Red Popcicle would be a stock that has made a big advance
and then shows the following:
     Opening  178, Highs 178, Low 150 and close 155.
In, perhaps, 33% of the cases, the stock rallies a little higher, but too often
the stock starts a big decline.  So, place a protective sell stop 1-2% below the
close for the next day. If the stock opens down more than 2% the next day,
wait a little to see if it can recover strongly from a weak opening.  This would
be short-term bullish and would suggest waiting a little longer to sell.

The best approach, however, if you have a stock that acts like this,
sell it at the close on the day this pattern develops.  A really strong stock
should not open up 5% or more and then drop below its previous day's
close.  Sell such a vertical ascent stocks intra-day if this happens.

This is explained and discussed more in my e-books, Killer Short Sales ($42.50)
and Explosive Super Stocks ($42.50).  Email me if you want them.  They will
make and save you money.

Below are examples of high techs from 1997, 1998, 2000, 2007 and 2008.