So if earnings propelled this up so strongly, what is going to cause the stock to reverse down hard as shown? Some kind of fraud? Or maybe just because the wave count tells us that this is what is coming next. Maybe, just maybe the price of shares has little to do with business performance and more to do with herding behavior.
Right now everyone is applauding those earnings and there are no negative signs. Yet I am convinced by the shape of the chart alone that a big pullback is coming. Time will tell.
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