I know. I agree. You have to know something about McClellen - he's usually right in the end. I was wondering too how it could happen that this 4 year cycle low could happen when we saw that huge decline from May.
This current rally seems to be the setup for it. Now I'm actually thinking it really will happen. Things always seem the best at the top.
The only problem I see with the crash theory is that EVERYONE expects it. But again, with the way the market is taking off, I'd tend to think that the setup is in place. Everynight McClellen posts his internal breadth charts with his advance/decline ratio numbers. I'm interested to see what they show tonight.
But whatever the impetus is to start the ball rolling downhill, it most likely will come out of left field. I doubt it's going to be anything anyone is expecting. Maybe IRAN? Maybe something like that?
Who knows. All I know is that I don't trust any rally right now. There's just no reason for it and when you have things taking off for no reason, it usually means it will come to an abrupt end.
Again, I see one more last down leg for MRVL and the rest of the $SOX stocks. Then it's off to the races. Actually, we might be seeing the end of the 4th wave rally. 4th waves are notorious for being ugly and dragging out. It sure looks like a perfect setup. We'll see...
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