I Don't See It

I don't see us topping out today. I think we are definitely at the point where the Johnny Come Latelys are entering the market. However, because there has been so little excitement during this entire rally I think it could take until the middle of next week until we see a top.

2 comments:

Anonymous said...

volume is very light. Not a convincing move up. Still way overbought. I started my short position today. Will add to it next week if need be. Everyone is bullish bullish bullish. Pushing apple go go go. Time to short.

Chaos! said...

Tops take time. We're still working off pretty bearish sentiment. I think the volume will come at the top. No volume means nobody's in. They all got to get onboard before they pull the plug.