Still Too Much Doubt for a Top

Wish I had more time to write in my blog. Yes, we have gone up to astronomically high numbers in the positive money vs. negative money in the main fund I watch for long-term trends, the Nasdaq 100. This has usually meant a top, like a long time ago. But we keep going up. Yes, we had a pretty big drop recently, but I think we're going to bounce right back and go still higher.

That's because I think the number that needs to change before we reach a top is the negative number in the S&P 500 funds. It's been around 120 to 140 pretty much unchanged for months now. No matter how positive the other funds have gotten, this fund has stayed negative (except for those days when the $200 million man is throwing a bunch of money on the positive side). I will call this the Undercurrent Of Doubt. I think this UOD is based on the several doomsayers who are out there saying the end of the world is coming. There is the one guy doing the EndofAmerica37.com thing, where he talks about how and why these horrible times are coming. They may be right. But I think when you push it this much, you have the oppositive effect, where it really does create enough doubt to keep things going up. It seems to be showing up just in the S&P 500 fund.

So until that number breaks down, I think we're continuing up.

(Oops, Rob says we're going up. Watch out below.)

Rob