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Re: None

Thursday, 07/23/2015 12:43:09 PM

Thursday, July 23, 2015 12:43:09 PM

Post# of 29204
I'm beginning to see the euphoria ( based on 1 single up day bounce from oversold levels) creep into the thinking.
Expectations are getting higher by the hour.
I guess my question is; What is the basis of expecting a "significant" upside move about to occur and what is meant by significant??

Sure- momentum could carry it a bit further,
Sure- Shorts are nervous and still holding short positions.
Sure- It's not yet Overbought

Yet what's different now that wasn't there the last 4 times it occurred in the last 2 years.

Not saying it won't happen.But it's going to take more than short covering to do it........ like some huge positive piece of news.
So; I'm skeptical especially as the corks now are being popped from the champagne bottles way ahead of party time

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