too many bulls now

latest II report has 55% bullish. that level has ment short term top in past. we will see.

 

Not only resistance .. but I expect a pullback of at least 5-6% as we move into the summer.

 

fleck thinks its time too i think.


Bill Fleckenstein
Time to Fade the Rally?
We're seeing a lot of frothiness and overzealousness. So what does that tell you?

 

here's a bullish % reading on the chart for you..2yrs