Post #3551 by FlyingCircus on the US Policy board

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Fair enough. My point was, consider:
1.) ONLY the S&P 500 out of the major indexes has made a recent new high (in February).
2.) The new high on Feb 19 was a single point that was .7% above the prior high a month before that 3.) the prior high late January was a single point that was .1% above the Dec 6 high after 6 weeks.

The earlier chart shows sequences of new highs in chunks daily, an advancing market.
The later phase of this shows choppiness, toppiness and two contextually meaningless, if numerically correct, highs over a period of 2 1/2 months.

Here is the max pain scenario of 99D/DBE extant, and why it cannot be used reliably by itself to preserve capital.

FC

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