which way monday, page-26

PattyP you said - "Intuition - Why milk it for all it's worth...? How much more upside do you see in the XAO and XJO...?

Don't you think its better to exit while people are buying at good prices, then wait until the market is more relaxed...?

A wise man once said, "Be fearful when others are greedy, be greedy when others are fearful".

I think that the people trying to milk another 10% outta this market are being greedy."

Everything you mention above is logical and supports common sense.

All I will say is that the market doesn't turn with logic, far from it from my experience.

As to your comment about "people who are looking for more upside are being greedy", I disagree.

If you picked the bottom in March (or near), then this may apply to you but few people can attest to that in my opinion.

Just like it was way oversold on the way down and kept dropping, we can be overbought on the way up and keep rising.

How high? I mentioned 5200 a while back and still see that happening with ease.

The central bankers are inflating another asset bubble while the FED prints more notes. This bubble will burst no doubt.... but when this will happen is anyone's guess.

Keeping a close eye on Copenhagen Climate Treaty....