S WAVE CHARTS

[porter]

From one year ago to today how much has the DJIA risen? More than a thousand points, yes ?
Consider that all Bull markets end in Plateaus of Distribution. (Let us note that final plateaus usually last eighteen months.)
All of the above can be confirmed by the skeptics at large.

Now here is something to chew on:

The Bull market began in year 1982 at DJIA 859. If you were to convert today's move into year 1982 points you would come away with the following:
The DJIA has moved a sum total of 82 points from one year ago to today. (I am saying that the last 1000 point rise has been a plateau.)

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Most of the talking heads with purple and yellow ties were not even ten years-old, let alone born, during the 1973-1974 Bear Market. The only saving grace is that they will remember the coming Recession that will arrive within the next two years.