This is welcome news

The Pragmatic Capitalist does a great job of watching the sentiment surveys. The AAII bulls have been very bullish for a weeks. But the Investors Intelligence bulls have been more skeptical. Well, not anymore. They are now in extreme bullish territory as well. This is good to see.

BULLISH SENTIMENT REACHING EXUBERANT LEVELS

Was the mere threat of more Tommy Boy jokes enough?

Interesting price and volume behavior the last couple of days

If the market keeps this up, I will start making Tommy Boy quotes again

Well, the Ending Diagonal count no longer looks particularly compelling, and I have yet to see a nice count that doesn't make me want to 'puke my guts out'.

Time to start eating paint chips and wait for the market to resolve the divergences.

Complicated Wedge

Move down since yesterday is a three (I am not thinking it is a 1-2, 1-2 count or even a really distorted five). So we have the option of a yesterdays move being the wave 4 of our wedge.

Red Rover, Red Rover, send Wedgie right over

Wedge at the end of a wedge?