i feel pretty strongly that the fact that we ripped 20k and had zero pullbacks *despite* gold/stock weakness + iran headline risk was the market telling (showing) you everything.
if we pump a little higher, we're going to start approaching the leading edge of the hardline "i'm not allocating until the guaranteed 4 year cycle bottom in october" people and their massive bid.
the pump that occurs when early "belief"/YCC/curr debasement reaction people run into the "i'm waiting for this timeframe to buy" zealots will catch a lot of people off guard
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what happens to all the sidelined capital when we get a bart denial and first higher high in a year?