I don’t know what to make of any of it. We rallied some more yet again yesterday!
I’d love to be able to say that our own portfolio is at a new all-time high in value, but as stocks have continued to advance, the precious metals have been settling back, and we haven’t advanced. However, that’s not say we’re hurting, or in trouble. Our portfolio balance is 7 tenths of 1% from its previous high.
The indexes continue to rise, and now, at least one, the NASDAQ is even threatening its summer head-and-shoulder top neck-line! And, all this has been on a pretty much straight-up kind of move since the low-risk market entry call I made the 28th and 29th of September. It’s all really quite amazing!
In any case, FWIW, I’m going to update my timer, note the extremes that its indicators are likely at, and thoroughly expect that we are due (have been due) for a pullback… speaking of which, we can’t expect one to commence at the open of this morning yet, as the futures are trading a bit up overseas. So, we’ll watch and we’ll wait, and we will continue to wonder and marvel!
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One half hour before the open, and the futures are even higher, and now pointing to a likely higher open by at least 1/4 to 1/3 of 1%… and we’re off to the races again, so it would seem!
Here’s to your successful investing!
Harold F Crowell
Elite Wall Street Investor 