WHOA Kimosabi ..... What Goes Up, Must Come Down

WHOA Kimosabi ..... What Goes Up, Must Come Down

First of all, Happy New Year Everyone!

I hope your year is filled with luck, food, fun & profits.

Too Fast, Too Crazy

Have you seen the stock market lately? WOW ..... It has been on the up & up like crazy over the past 3 months.

Take a look at a quickpick of stocks in relation to the 52-week highs:

• YHOO: 52-wk range 18.89 - 41.72; trading at 40.95
• HP: 52-wk range 55.78 - 85.51; trading at84.92
• GRPN: 52-wk range 4.24 - 12.76; trading at 11.39
• TMUS: 52-wk range 16.01 - 34.10; trading at 33.03
• RAD: 52-wk range 1.29 - 6.15; trading at 5.68

Here is the latest 3 month chart of the Dow Jones Industrial Average:

 
Stop & Take A Step Back

It's nice that many have profited from recent up-trends, but now that we are into earnings, I think we should take profits now and just wait / observe. It has to come down again at some point; then we can buy again.

!! Trade Well Y'all !!