Thanks, Mark. I usually don't take a look at AAII until Saturday when I do the weekly charts. More than two and a half years since AAII has been this bullish. I guess the combination of the prospects for a 90% vaccine, putting the election more or less in the rear view mirror and this nascent rally have stirred the happy juices in the bulls.
You're dead right about the difficulty of top calling. With Jerry and the other FED boys still manning the pumps, any pull backs will likely be bought, so shorts not only have to be right, but also quick to take any profits home making it twice as difficult as just buying the dip and waiting until the inevitable intervention bails you out.
Edited by Douglas, 12 November 2020 - 06:48 PM.