I talked about how 2007 looked a lot like 1973, and I was right in the end.
Today looks like early 2007, which means we still go a lot higher before the end. Remember there was a big drop in March 2007, scared a lot of bulls, china syndrome. Could repeat.
On short term, I feel good about predicting a top by next monday, and then at least a 5% correction. Am positioning for that. However, if we go sideways into monday, then that negates the sell, as this is a consolidation pattern, predicting higher prices.
Dont be greedy on the long side for very long, as we will get a 10% down day eventually out of nowhere.
