PLEASE NOTE that, quite obviously, we've had some rough technical issues the past 12 hours, but it's only because we're doing a major upgrade. I've mentioned four times in a row (but somehow people keep missing it) that comments are OFFLINE for the foreseeable future (and it's tempting, frankly, to LEAVE it that way until December 1st, considering what's about to happen). Anyway, the site is 98% functional. and we're working on this sacred Day of Rest to even get comments restored.
Everything that “should” have happened………hasn’t. The seasonal weakness in September was a joke. The historic over-valuations that I’ve written about extensively have simply became more over-valued. And, from a charting perspective, as impossible as it seems to believe, the major indexes seem poised to just blast off to yet more lifetime highs.
Here are the kinds of moves which would demolish the 0.000000003% of Earth that might remain bearish. first, the tech sectors would have to cross above their price gaps (marked with the red dashed line below).
Contemporaneous with this would be broader indexes, the S&P 500 and S&P 100, going to lifetime highs (which this point would be effortless).
Finally, and this would absolutely kill the bears for months to come, the small caps – – which have been lagging badly for years – – would begin to exercise the momentum that’s been established by this long basing that’s been going on for years.
Every single one of these could be in place within moments of Monday’s open, at which time I will have to seriously consider just giving up completely until the new year. That would suck, but honestly, I’d rather be flat than lose what’s left of my brain.
