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nice call on 72
Anonymous 13:31 - Don't jump the gun, it hasn't turned yet!
I guess we'll see a bounce here. Great patience Carl!
We need to think "outside the box"!Adv-Decl were heavily on Decl side.VIX was rising in an uptrend channel.We were in wave C down down of ABC correction.For me at least, going long was UNTHINKABLE!
carl 780 is resistance now
carl 750 is support
Funny, just the other day Carl was saying the people waiting for capitulation are wanting to get into the market and now we are back into the 760's. "The worst I see on the downside is 765" Let's hope we turn here. Not a criticism, just an observation that even Carl can make the wrong call sometimes. Thanks again Carl for all your advice and insight. This is NOT a slight at you or your opinions.
That sound you've been hearing for the past couple days is everybody getting in line for the next thrust up. Nobody wants to draw the starting line too close to 800. 40 or so point correction is healthy in light of the high energy rise. Even the bears are starting to admit we go up before we go down. Just be patient....
Its kind of funny people who are waiting for a pull back might wait for ever--if they didnt know the previous up move is for real, how would they know the next down move is not real.Dont expect people to jump in--they never will anymore.
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