is if we will get a multi day dome top....
but Reversal tuesday....
;)
which nobody was talking about....
the dome would involve some complacency... which feels like today...
Sometimes we need Frothiness....
Tuesday, June 2, 2009
my question
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2 comments:
Frothiness seems more likely. Dome top does not seem probable to me. Of course, I have no feel for this sentiment thing...
...but what about a nice high volume broad-based melt-up? All this giddiness has to bring in some retail buyers at some point.
My guess is we are closing in on Point F on Mamis ("positive price action")and a pullback would be Point G "trying to scare buyers away."
But I am famously wrong these things.
Or do you think we are still waiting for Point E "Aversion"?
I guess we will put you in with the mike guy or whoever who thinks we will skip some phases of the sentiment cycle....
I know I've been rain dancing.....
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