Contrary indicator

[John]

Is it a concern when a long term super bear all of a sudden begins calling for new highs?  Even when those new highs are part of coming ‘Armageddon’?  Because EWT is now calling for that!

Hochberg is now calling for new highs (of course, the odds favor that outcome.  The market is in an historic bull advance).  

But for about 10 months straight, in the face of the major bull market advance, they have said ‘stock market major drop is dead ahead’ ...and now after persistent stock market new highs, they say ‘new highs needed’.  

Is that a concern?

[John]

Regardless of whether a new Stock market high is hit, they (EWT) remain hilarious.