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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (94578)2/15/2017 8:24:16 AM
From: robert b furman  Read Replies (1) of 94614
 
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

Bob
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