Not more than the run we got from the May 2000 to July 2000 run, nor from the April 2001 to the May 2001 peak, nor more than the run from late September 2001 to January 2002, nor the run from October 2002 to January 2003, and in the last few weeks, sentiment indicators have been equal or worse than at those three troughs. The turnips had each one of these as major buying opportunities, some of them with two or three weeks of sweat before the move started, and were similarly offered all kid of condolence for their untimely demise (g). This time, beat all of them with almost three months of gyrations up and down since the late March lows, the May lows and the lower lows (Naz only, Dow and S&P held above) here in July. All I can say is, c'est la vie.
Let see how we handle the first hurdle at 1930...
