Aren't we about double as much above 1500, a solid 160 points? And given these extreme readings in many indicators, coupled with the prevailing exuberance, don't you think we possibly could see more here than just a short term top? The 7DMA of the ex-QQQ eqity only put/call ratio was at an extremely low 0.49 on Wednesday, the lowest since March 21st and August 23rd, lst year.
You really think the result of this exuberance can still be topped after a retrenchment, whenever and from where ever that comes?
Culmus