If this is not the pointy end of the market then nothing is! All...

If this is not the pointy end of the market then nothing is! All these trends are 21 years long except for the Russel which is 6 years long. The top chart is the DJIA which is still pushing toward its 21 year trend line, apparently. The second chart is the DAX and it is doing exactly the same thing. The next two charts are the Russel 200 and Nasdaq which have hit their long term trend lines a month or two ago and are currently consolidating (waiting for the others to reach theirs, maybe?). The bottom chart is the S&P500 which is the laggard. It will take another 6mths to reach its long term trend line on the current trajectory. Its current PE ratio is 41 which is nearly 3 times the 25 year average. One date to watch is 13 April when the US CPI is released for the March quarter. If it is up, expect the US 10y bond rate to spike above 2% which could trigger a major selloff.