Thx techcharter for the info. Getting too many cheerleaders again on the networks talking bullish and dragging more Mom's and Pop's into the markets. Getting another repeat like 1999. And they say history repeats itself, hmmm. SPX/VIX ratio all time high, hmmm.
I miss reading Duratek's messages on the RB board.
It looks like there were extra wave that needed to finish. Since the DOW was only 40 pts frmo 52 week high, there is still a good possibility of a new 52 week high. A drop below 10400 would be good sign of a reverse of short term waves. A drop below 9700 would be confirmation of longer term wave top in place
The DAX is forming an ending diagonal, and the FTSE has not retested DEC '04 highs this week. A turn in the world markets is likely.
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