I don't pretend to know the market, but the past two weeks market behavior is eeriely similar to last year, that is, pullbacks are minimal, sometimes intra-day, and EOD day rally come out of nowhere but strong nontheless. That Oct-Nov string of 12 or 14 days of continued EOD rally killed me, so I remember it vividly.
Not saying that we won't go down, but I think with seasonality and a lot of cash on the side, this rally is not over at all.
Of course, I can be 100% wrong. Just my .02 cents.
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