Insider all selling Crazy now go down to $42 why?. This market almost all time high going crash like rock soon S&P go to 1650 that time Yelp go back IPO price $15
Sentiment: Strong Sell
Allabouttrends is a charting newsletter I get and their take is that if this current pattern is a 5-waves down script than the next sequence is an 'E' wave which is the same thing as a 5th wave down. We are in the 'D' wave now which is an up wave that should top out right here in the S&P as 1795 is a 50% Fibonacci level. The 'E' wave will take the S&P down to at least 1700 IFFFFFF this all plays out...Then we work our way back up in a big way. Never anything for certain but these patterns play out many times once they have shown the first four waves.
Any good chartists out there, please weigh in! Good luck.
rabbishin...It didn't fill the gap in the $40's way back when but I feel it will fill the gap to $75 and become a new launching point...Just a thought but there is no news that will come out for YELP for months now and longs taking profit would be a smart thing and the S&P has a shot at taking one more big leg down before a sustained move up IMHO of course!