The Bull's On the Loose - Posted by Coolhand

The bulls picked up where they left off last week with more impressive gains to start a new week.

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Does anyone remember that bump in the road a little over a week ago? Just what was that all about really? Now, we have 6 up days in a row on the charts with fresh all-time highs each of the past 3 days. The DWCPF is back in overbought territory again. Momentum continues to rise and volume is only average. Where are the bears (not that I really care)?

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Look at cumulative breadth. It's going vertical again.

I know many were pounding the table that this market was toast (I was leaning that way for a bit too), but we can see that the bull was only wounded. Now he's mad. I wonder how far this train is going?

I am now bullish (from modestly so).