"we crash from here"
crashes dont happen from highs...the vol will pick up first with some wild swings. Vol is an excellent buy here at low 9's on VIX.
1929 and 1987 both crashed very close to ATH. And that time there was less participation because of internet.
I was in the biz in 1987. The broad market topped out in the summer. The rally into the top was THIN. It was OBVIOUS that we had trouble coming. This market does not remotely resemble that market.
M
Mark,
When you say the market was thin, are you referring to market breadth? If so, are you referring to the NYAD line?
Thanks.
Anthony