Near perfect similarity to 2007 on SP500 weekly chart. Now, will it flop like the damn 1929 Crash analog?
I think this has more merit than all of the 1929 crap that I saw everywhere. It is not so much that it means we crash, but it is the sort of action where the bulls appear to run over the bears and the 1929 talks dies. Then you can fail without the bravado.
Yes, that is more like it. The Crash Analog got out of the bag and got everybody on edge. Don't want bulls on edge... want 'em cocky and sure.
It seems that many think the market will top when the NDX reaches 5000.