Exuberance

Exuberance

Thursday close 16^th, very close to new highs as suggested. The OEX did hit a new ATH today. That makes me think we are getting O.B. rarely does the OEX lead the SPX.

More highs Friday is a good place to nibble short, but early next week maybe better.

Murphy Math people say a frame has shifted, I think a phase has also shifted in the counts. Lows ran later and highs look to be running later.

With that in mind I will place the next low on Aug  5^th -2 TD.

Jerry 

More highs coming up date 15th close

PIM by Jerry to Group, names will be hidden ,but my thoughts are real.





Thank you xxxx and xx.

Looks like I was a little early and should have held for the 15^th that I had posted on my blog. Of course profit is profit.

So here we are the 15-16^th time frame and a xx day to boot.

My problem is xx said today could be a High or low and of course it maybe both.

I just don’t see us OB here so we may or SHOULD have a Higher high.

I don’t think we are there yet. I,  right at 5:50PM ET think we go higher probably into next week. When I say higher I mean sharply higher to ATH.

Look at INTC after market, so tech’s are hot.

xxxxx sent out some dates I want to study..

Good trading.

Jerry

Flat for now IRAN next.

Sold my calls today Monday rally. IRAN maybe the news Tuesday.
Iran aside I look for a little more rally Tuesday before we pull back to say 2080-88. The math says Monday is a EDT -D and the chart does offer  some what of ending digital triangle look.
Charts offer more upside and the high could be the 16th new moon.
I have been using the 15th-16th as a best guess for last gasp high.
Working on where next low could be, next purchase will be puts.