agip wrote:
yahoo finance says the day's highest value of the Dow was > 13,000.
So there it is - almost 2 months late, but that's worth a turducken dinner in my menu of life.
The scary part is that Flagpole is bullish, Peeps is bullish, Sagarin is well not momentarily bearish, I am bullish...Blowing rock master - I have no idea.
This is probably a bad setup.
Correct:
http://www.bloomberg.com/video/85818000/But here's the kicker:
"The next major inflection point is due in early June, when this leading indication says that a big multi-month rally is due to begin. By then, all of the bullishness that investors are expressing now in the various sentiment indications should have turned to frustration and pessimism, creating the right setup for a big new uptrend. The hard task will be to remain patient until then, waiting for conditions to be right again. "
I take it that Sagarin and Peeps will be "not short", then short at exactly the wrong time. Tom McClellan's Eurodollar COT model has been amazingly accurate, and forecasts weakness into May, then a very powerful rally that I suspect will take the DOW to all-time highs, right no schedule for Election Day.
In the meantime, enjoy Flagpole Dow 13,000 Freedom Day