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01/10/24

10:46

Post #: 75921861
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Originally posted by Jrowl1: ↑

Dave Hunter said that we are in the meltup now, it started in Nov, he said meltups are very rare, only happen occasionally in history, eg like the Nifty 50's, Dave said for the end of a super cycle, you get a meltup at the end, he explains everyone is positioned bearishly and that they will have to reverse positioning causing the meltup and it feeds on itself. I think the market is going to do it, it makes sense to me and the market has been hinting at it too for a while throwing in these short squeezes, if Nov was a short squeeze, it's one of the biggest or biggest I've seen in the market, the market has been hinting what it is wanting to do.

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obvious xjo melt ups 1987 and 2005. a green monthly candle for October anybody?

XJO Value at posting: 8,230.5
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