QQQQ short term up-trend reaches 25th day; RWB stock ODFL

GMI6/6
GMI-R10/10
T210863%

While the short and long term market trends remain up, one reason for caution is the extreme bullish sentiment.   The Investors Intelligence poll now shows 58.8% bulls and only 20.;6% bears.   Readings close to 60% bullish often occur near market tops.   When I got back into the market last September, there were less than 30% bulls, and this statistic made me   confident of my wading back in on the long side. So, we are probably close to at least a minor top. The key is to wait for a definitive signal.   Break downs in some leading stocks have already occurred, as seen in CMG, BIDU and NFLX.   When AAPL finally cracks I will be expecting a market decline.   For now, with the GMI and GMI-R at their maximum levels, I remain long. One RWB stock at all-time highs is ODFL. Note that all of the short term weekly averages (red lines) are well above the rising longer term averages (blue lines).

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