Isn't it interesting how we (Me in particular) are on trial here? For what, being right?
I have responded to all of his questions in a calm rational manner, and I get attacked. Never acknowledges my (our) accurate calls, and misconstrues one to use against me. Yeah, I guess this burns me up. You can't have healthy debate when one side doesn't know about the topic being debated.
MM, I will never make the mistake of answering your questions again. Don't put words in my mouth. I will put you on ignore, and I suggest you put me on ignore.
As stated last week (MM), the Dow did indeed have further rally potential due to the failure of the Gann 3 day chart to turn down. I believe a modest pullback is coming, as the 5 day RSi on the Dow is overbought at 75, but showing a negative divergence over the last week. Wherever this short term high tops, though, it is very unlikely that it is the top for the year. The reason is that the Momentum indicator is reaching its highs in this time frame, and almost always peaks before price. What would be a good signal to a top would be a higher price high on the Dow, vs. a lower Momentum indicator reading. This will take several more trading days to play out (at least).