JNJ has moved parabolic and has had 20 straight up weeks until this one. No stock has done that in S&P in the last 30+ years.
Of the current S&P 500 members, only two other names have even come close to such a streak since 1982. Home Depot (HD) gained for 18 weeks ending on 5/4/12 and Oracle (ORCL) rose for 18 weeks ending 2/12/99. In both cases, the stocks gave back 10%-12% at minimum.
JNJ is poised to moved to $83 or lower at the minimum and very close to breaking it's 6+ month uptrend and channel. If that happens, then no real support until mid 70's or so. Not to mention heavy distribution the last trading days.
Parabolic up moves are great until they turn, when they do look out below...
mathematically you are correct. But a parabolic can be looked upon as a geometric term or a parable. In todays investing climate your parabolic is a parable. Remember the basic ......"past history does not determine the future."