Bosphorus_Capital
Short

YHOO looks quite toppy

NASDAQ:YHOO   YAHOO INC
29 1 3
The upwards correction seems to be over. One more push high may be possible if the count is not %100 accurate but we are closer to the top than to the bottom imo
Very good observation. This most certainly is a typical long term bearish setup. In 2001 corrective wave (A) ended, whereas recently a reactive wave (B) in 3 sub-waves (2005-2008-2014; your A-B-C) seems to have been completed and a final (C)-type correction on the way to drive prices back down to the level of 20 (eventually; quite a few zig-zags are expected (possibly 9) since the bullish sentiment still prevails in the market).
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