The S&P is looking very toppy

Pabst, what does "non-plussed at the bearish consensus" mean?

The bearish sentiment is very low right now, right?

 

I think it's very high. Everyone I talk to is short!

 

How many times are you going to change your mind between now and the "top"?

 

Pabst what if everyone you talk to is a pro? Great minds think alike . I for one as a trend follower will wait for the first plunge and reaction before getting to excited bearish-wise.


Goodluck,

 

Be traders, not speculators.

 

You can't be both?

 

What about the II sentiment and the other one, the AAII or something like that? They are tilted very bullish now.

 

Problem with that strategy is that sometimes there will be no decent reaction for the trend followers to hope on board. Especially in overbought markets like these.

The bulk of the move can come in 1-2 days .. similar to a stampede.

 

That's what i'm suggesting. A capitulation day coming soon. I disagree that there's high bearish sentiment. It's actually the contrary in my estimation.

 

you all better listen to HIS words, he is so good. MY jammie IS ALWAYS RIGHT