Burk: Well I’ve never thought of myself as a contraire indicator, but feel free take the opposite side of my trades. Someone needs too…gg
Yes the COMPX did rally approximately 140 points off its 3/10 low, but the NDX never made a new high. The rally has been mixed at best and was hardly a break out or a "parabolic move up" as pronounced by one of our local geniuses...gg
As to what comes next, I think the correction is not over. The market will get around to letting us know in due time.
LG
PS: As I recall you were on board for a breakout at the recent highs rather than a pullback, right?