Sorry,Link worked for me? I cut & pasted see below. The March 23rd bottom for the stock market averages was one of the greatest and easiest to recognize, given the extreme speed and depth of the decline from the Feb. top. All the technicals were so overbought that buying was easy especially with the FED intervention. This extremely strong rally has been harder to gauge. I was early in thinking it ran it’s course but now the technicals, sentiment measures, and fundamentals are all aligned. I believe today will mark the INTERNAL top for the markets.(probably first hour) Equity positions should be sold. The actual final EXTERNAL top will probably occur in a week or two. After a pullback, short sellers can use any subsequent bounces in overvalued, overbought stocks to buy put option positions and or short.
Worries with link?
Link doesn’t work
Sorry,Link worked for me? I cut & pasted see below. The March 23rd bottom for the stock market averages was one of the greatest and easiest to recognize, given the extreme speed and depth of the decline from the Feb. top. All the technicals were so overbought that buying was easy especially with the FED intervention. This extremely strong rally has been harder to gauge. I was early in thinking it ran it’s course but now the technicals, sentiment measures, and fundamentals are all aligned. I believe today will mark the INTERNAL top for the markets.(probably first hour) Equity positions should be sold. The actual final EXTERNAL top will probably occur in a week or two. After a pullback, short sellers can use any subsequent bounces in overvalued, overbought stocks to buy put option positions and or short.
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