Volume: The Sign that tells you "Game OVER"
The Blow-off signals the end of the 'play'
Abnormally High Volume compared to previous days + Candlestick making a new recent high
(and usually with an upper shadow)
The shorter the play, the easier it is to find.
IP Daily Chart
ISM Daily Chart
PEP Daily Chart
PAL Daily Chart
Once a blowoff is made, expect a sharp decline, then a bounce
(bounce will not exceed blowoff's highest point),
then price action that will eventually lead to stock inactivity.
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Source: Trading 101: The Blowoff - by ZeeFreaks (zeefreaks.blogspot.com)
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