thursdays child is full of grace, page-143

prophet

definitly not! back then i do not recall seeing constant strings of new highs and new highs. this market is simply not having any regular down days!

the old addage of 'profit taking' was frequent back then and the markets i've always been familiar with profit taking was always a regular thing. Right now there must be heaps and heaps of paper profits out there not being locked in.

the upshot might be that profit taking days produce days which go far lower than previous. have to see. selling is very normal part of every market ... but all we really see is buy buy buy. DOW is up well over 10% from the beginning of the yr and that is definitly NOT NORMAL .. and thats even before the correction which wasn't really a correction.

one of the big telling signs to me is ... pretty much every single analyst i've been listening to on CNBC tonight are saying that the market is just going to higher and higher with no reason for a pullback. in my experience, that is a screaming SELL signal.