Blow-Off Tops

I think the entire extension on these charts will reverse in a bear market. The reversal of the move out of the pattern only gets it to the starting line of the bear market. Google is one of the most egregious examples. It is 50 percent down to former long-term support and I'm not even sure that would hold in a real bear market. Their advertising revenue would evaporate as it did for newspapers and media outlets in the past. Google would be a candidate for "catching an ask" if selling escalates and broadens this week.