We have the rising wedge.
We have what appears to be a break from the rising wedge.
We are in the wailing throes of the Exuberance phase of the market.
Who knows? Maybe we are already in Euphoria,
and the next few weeks start to grind down - from Anxiety into Denial.
Maybe the dip just keeps dipping, faster and faster.
In the meantime, I'm going to play the markets for one last risky long.
The trend is your friend, right?
I would sell by mid-November, folks.
We have what appears to be a break from the rising wedge.
We are in the wailing throes of the Exuberance phase of the market.
Who knows? Maybe we are already in Euphoria,
and the next few weeks start to grind down - from Anxiety into Denial.
Maybe the dip just keeps dipping, faster and faster.
In the meantime, I'm going to play the markets for one last risky long.
The trend is your friend, right?
I would sell by mid-November, folks.