There are at least another five major indicators flashing warning signals here, furthermore, even if we get another breath taking holiday induced run, I think that 1515 will serve as a major barrier (and 9100/200 on the Dow) and we are simply too close, making major commitments here is simply too dangerous, I would not call the market a low risk situation, thus I have to increase cash and I will continue tomorrow.
Bear markets do not end with such a huge surge in bullish sentiment in less than 2 months. What ever happened to the wall of worry that bull markets are supposed to climb?
Looking for a 50% retrace once this rally rolls over (which looks to be very soon now)
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