Hi Solomon,
Thanks for the feedback.
[1] The March 2009 low was a 'generational' low for me (i.e. a buying opportunity like this is unlikely to occur again in my lifetime). I have to admit, it came a year early for me - but I think it's a significant low which will stand the test of time.
[2] However, the broader market is in need of a significant pullback to mark a cyclical low; one much like in November 2011. The Russell 2000 was the only index to tag this in February 2016 and I think we are seeing the fruits of this now. But all markets have to experience the sell off to definitively put a mark on this. It has been 5 years since such a move last happened so we are (very) late to the next one. When this happens, it will be a time to buy. You see a calendar for these events at the bottom of each post.
[3] There is nothing irrational about the current rally. We have been climbing a wall of 'Trump' worry
Declan
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Dr. Declan Fallon is the Senior Market Technician for ChartDNA.com, and Product Development Manager for FirstDerivatives.com. I also trade on eToro and can be copied for free.