|Good morning Bill,|
I've tracked Tom Drake's 2cs sentimeter since early 2015.
It has just registered the lowest number since I've tracked it - suggesting an IT top is happening.
It could easily continue into the option expiration - marking a rise into a third month of expiration in a row (something I've also never encountered in my short tracking experience).
We are in a very bullish market move - that is extended.
That does not mean it cannot continue.
It just gives us guidance that we are indeed fortunate to have any old long positions.
CNNX at $7.55 not even 13 month's ago vs. yesterday's $23.14 tells the story better than most.
Me not owning any of it, tells me a story I need to continue learning.LOL