14 replies to this topic

[RadioHead]

I dont see too many problems with the current rally. Internals got a lot better. Economic reports are much better also. Pullbacks will be shallow.

[steadyquest]

The small caps could be on the verge of seriously joining the rally.

 

[steadyquest]

Couldn't identify a complete weekly count from the crash bottom of March 2020 - so I cheated.  This one could send it to the top of the monthly price channel if the timing is right.

 

[steadyquest]

Having a look at the Qs I stumbled onto this count.  Not what I anticipated, but it hits all the official levels to within a penny.  The price appears to be drawn to the 5.25 level in the summer of 2020, then has half a dozen interations with it on the bear side of the peak.  Although the chart retraces in 2008, the specific circled values do not retrace - so there is that.  Being dividend-adjusted, I wonder if the same circled candles will continue to give the best fit after future dividends are factored in - guess we'll find out soon enough.  Are the wall street stoners planning a 420 peak?

 

[steadyquest]