ANZAC Day long weekend charting & chat - 22nd April 2016, page-33

Thanks for the response. The "imminent pull-back" is overdue, but isn't it always? History has shown that dramatic price movements occur at the last possible moment before a spike to either rid of the weak hands or draw-in the punters before the reverse occurs. On this occasion Im sticking with longer-term chart momentum that points to a market correction - particularly for US markets which are well stretched.

IMHO its the punters that are being drawn-in, however time will tell.