Skol seems confident that there are more gains ahead for the S&P500. He probably takes 6 month snapshots of monthly S&P charts of periods preceding waterfall roll overs after bull markets and compares them to those same charts now and also to charts in new and established bull markets.
He also probably looks at the value line geometric index and sees break outs there after long periods of consolidation and compares that to bear markets over history.
He probably also looks at monthly MACD profiles and compares them to periods preceding S&P waterfall roll overs, bear markets and the current profile.
He probably takes no notice of sensationalist media articles, guru predictions and failed internet subscription experts, nor HC posters with imaginary friends advising them or with theories that small amounts of silver can power cities and imaginary million page documents . I
