NO, I havent turned into a raging bull, but you cant stop a freight train with your words
However, we should see dow 38,300 coniciding with spx 1555 most likely by Monday
As written b4, a couple days off on June 5&6
A 25 year TOP might form up bewtween June 14 and 22nd.
One group of ratios that have been very consistently bullish are the DAILY PC ratios on the CBOE, SPX, and OEX. Which basically means as long as there is DOUBT, the markets will move up against it.
With that noted, we should look for the first signs of a TOP with the publication of GOOD NEWS in some of the major newspapers, reflecting NO FEAR. - a contrary indicator. Ackowledging the BULL by the MEDIA does indicate the general public has taken notice.
And NOW that the DOW has climbed to outrageous highs, THEY WANT TO GET IN.- buy at any price, just like housing- it doesnt matter what we pay for it, we can FLIP it overnite for a quick PROfit.
WORKS in reverse at bottoms- they cant wait to get out.-sell at any price.
GREED AND FEAR in action
Greed is fear of losing out on a good thing
Fear is fear of losing more.
As Always,
Best Wishes
Jay
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