KALTBAUM SOUNDING OFF ON POTENTIALITY

POTENTIALITY- The possibility of something happening!

More and more we see the potentiality of a 1999-like blow-off top. Today just another day where the DOW was down a point while the NASDAQ 255, NASDAQ 100 up 296 and the SOX up 225.

We can go into all the minutiae but we have already done that. The short version:

Many areas of the market left in the dust.

The record and we mean record concentration in the market that gets more concentrated by the day.

Gargantuan and we mean gargantuan numbers being predicted.

No sales theme stocks rocket ships…including rocket ships.

It’s quite simple now. If the NASDAQ/NDX and SOX get going vertical, it will be loud sign time. We will ride it up as long as it wants to go. We are actually in hope things simmer down, rest a bit, correct a bit and continue the March calmly. A climactic move would just be that…climactic…and more than likely be the end game. We hope it is the former because the end game out of climactic moves is not good news. But for now, the action remains excellent as the big indices continue to ride up the trend that started with the April 24th confirmation day with not one day below the 50 day moving average…now 104 days for the S&P.

We’re on it.