Replies to post #264065 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I think that the bullish pattern developed in sentiment indicators both in March and in May (the bell ringing ceremony on wecus' chart), the price patterns that are evolving now are more confirmation of the extremely bullish sentiment indicators we had then. I remember a number of people suggesting that "this time" it is different, so far it seems that it is the same and now the taking of 2040 (even though I fully expect it to be "given" back within two weeks) confirms the bullish tone of the market. A little late, but better late than never. It would be great if we got a "Timber" or a "crash coming" call here to amplify the move, but that will have to wait until we retrench back under 2040 (g).

[Bullwinkle]

Yes GT, I have posted that observation as well #msg-3259536 and it is definitely not out of the question although I have heard some say (to be interpreted as read) that the C&H patterns do not work as well on indices as they do individual stocks. H&S is another story...