I still think that 1124 number is possible just not today. We will see how the rest of the year pans out. In the mean time most have stopped trading and the only ones out there are the amateurs so don't put much technical reasoning behind this melt up :)
Also I hear Art Cashin this morning talking about he doesn't trust this rally but he claimed he has been saying that since July. The point here is the market can stay irrational longer than we can stay solvent so best to step aside in these periods.
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