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Re: JJ8 post# 35689

Thursday, 05/23/2013 10:51:58 PM

Thursday, May 23, 2013 10:51:58 PM

Post# of 797196
I appreciate your reply, as I too, put a great deal of emphasis on the technical school of thought, but do not dismiss the importance of the psychological school as well.

Almost 100 days of upward movement without a single pullback of 3 consecutive days to break the run have passed. That is almost twice as long as the usual bull market before a correction. How long it continues is unknown, but keep in mind, the longer it goes, the closer it gets to the end.

As long as everyone continues to keep looking for the next major negative economic news that will terminate the rally, it probably won't occur, as long as people keep looking for it. GLTU.