The rally since March 23 has been impressive and unprecedented but the rally in the last 3-4 weeks is simply insane and doesn't warrant any promise of sustainability in its course. Definite insanity, phenomenons like DDTG and their huge following of herd robinhooders are a clear testament to this.
The sort of accelerated upward momentum we have been seeing until recently is what would actually create the energy for a large waterfall style event from (around) here. We might a see a very short lived blow off top / parabolic type move upwards first or we might just snooze off the cliff edge and start rolling downhill from here..
The 'Stimulus & Printer 500' is surely running out of puff
The rally since March 23 has been impressive and unprecedented...
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Last
2,958.8 |
Change
17.070(0.58%) |
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