Big W in Nasdaq Composite

A trendline drawn from the peak of the dot-com bubble, 5132.50, and the peak of 2861.51 in 2007, was recently punctured on 12/21/2009. Moreover, while puncturing the trendline, a Big W is becoming more apparent. This may allow for a  parabolic market that can yield you the most returns in the shortest period of time.

A Bump-and-Run Reversal Top is shown on the chart below. This pattern has three phases. The three phases include a lead-in, bump, and run phase. Within these three phases, there will be multiple base-like formations. While forming the second half of the Big W, the Nasdaq should present these characteristics that were exhibited in the tech-bubble.

Most importantly, early stage bases will be better to trade as their risk traits aren't as high as later stage bases. William O'Neil discusses this in his book, How to Make Money in Stocks. Also, it was mentioned in his book that as much as 80% of later stage bases will fail. Later stage bases are those that appear wider and looser and aren't as tight as those in the early stage.