The Relentless Rally

DPR Update:  Filled and new stop in place.  Login for details

This rally shows no sign of abating.  The market is extremely overbought at this point, but it can stay overbought for a lot longer than you think.

However, in my best estimation (for what that’s worth), is that this is the last leg of the rally.  I feel that we will soon see a swoon and the party will be over short term, although it may be the beginning of Feb before it comes.  In the meantime all I can do is get back on the train and follow it higher or get out quickly should it start to fall.

Come what may, I am long again…

Bring on the bulls!

John