DOW 0.37% $8.10 downer edi limited

### very near a top ### imho :)

  1. 506 Posts.
    Time to exit stocks.

    Time to load up on out of the money puts at bargain basement prices.

    This is the sell zone.This is not the start of a new bull market, but rather the top of a bear market rally.

    Look at the sentiment indicators...the VIX, the Investor's Intelligence sentiment survey, etc....all point to excessive bullishness among US investors.

    The herd is talking about this being a new bull market. The smart money knows that this is BS.

    A new bull market will start when:

    1. Sentiment is excessively bearish, even after a significant rise in stock values.

    2. Valuations correct to or below the mean.

    Neither of these conditions have been met.


    Cheers,
    nickoo
 
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