People need to start changing their mindset. I could see how some compare this run up so far to the one in early October. I don't blame anyone. It's been very frustrating. They might be similar, but ARE NOT the same. There are crucial differences that separate the two. The former was turned down when a couple of indicators just touched overbought. Right now we've started a run before many of the Indicators I use are even close to being overbought. We have room to run here. Furthermore, there's a chance we start to stay overbought. That means as people look to sell, thinking a correction is coming, others waiting eagerly will scoop up shares. I'm seeing a change in sentiment. Still somewhat early but something there none the less. Since the drop in Oct, we've barely been able to push into oversold. It was propped up immediately. This consolidation since then is what continued to give us our positive divergence. I stand by every number that I write and everything that I post at the risk of looking like a jack@ss and until proven wrong. If I'm wrong we'll deal with it at that time or preferably catch it beforehand...
No one is ever right all the time or always wrong for that matter. People need to control their emotions in this business. We will always fall prey to the shenanigans created by the people that run these markets. As I've said before, all we could do is use the information we have on hand to help us navigate through. GLTA