Breaking news from ZENews… directly from location, Sally Comegetme, our correspondent, is interviewing concerned investors and excited traders alike regarding the breaching of the Giant Wall 2 which has been out of sight and out of mind for the last 6 years.
Sally grabbed the 1st concerned investor who looked like he was about to pee on his pant.
“Sir, what are your thought on this Giant wall 2 being breached?”
“We can’t breach the wall! It is sacred! The white walker is on the other side!”
“Sir, White walker?” Sally obviously did not have cableTV.
“Hey, party girl! Wanna watch the wall breaching with me?” the excited trader jumped in front of Sally, “I’m long big time! I’m long!” the excited trader winked at Sally.
Ignoring the trader, Sally grabbed the 2nd concerned investor.
“Do you think the Giant Wall 2 can be breached?”
“We are at the TOP! We gonna fall! Oh my God!” Sally could not believe her eyes when the concerned investor ran off like his ass was on fire.
“The 3rd time is the CHARM!” an excited trader sang to Sally while putting his arm around her waist, “we are going over and we will make history together…” Sally removed the hand of the trader and gave him a stern look.
Turning back to the cameraman, Sally gave her brief commentary:
“There seems to be a lot of excitement about the wall being breached. Based on what I’ve seen so far, we have some people who do not believe the wall can be breached or that the wall should be breached; on the other hand, I’ve some very excited and naughty people who are ready to party all night to witness the wall breaking event. The excitement is palpable. By the look of it, and my being so near the wall, my 2 cents is that the wall will be fully breached by end-of-day tomorrow. There seems to be so much energy behind the wall and I just don’t see how the wall can hold any longer. I’m going to stay here to witness the milestone event. Back to you, Zen.”
“Thank you Sally.”
Well, there it is. If you will look at the monthly chart below, you can see price action is practically touching the wall. This is truly an event of the Century. Stay tune and we will bring you back the funny news from Sally Comegetme when the wall is finally breached. Zen out.
It is the nature of stocks to climb the wall of worry.
But at least here’s techical evidence of resistance, which is so much more of a compelling argument than “the bull market is over because I say so”.
True, the bear can have his day today to take advantage of the wall of worry; but we have yet to know if the bull party is over yet. The next few weeks will give us clue if people are leaving the bandwagon or not.