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Broom

S&P Adjusted for Money Supply

Long
SPY/(WM1NS+WM2NS)  
Broom Updated   
SPY/(WM1NS+WM2NS)  
Chart Patterns SPDR S&P 500 ETF (SPY)
12
11
chartpattern spy
Adjusted for the amount of Money Supply (M1+M2) we still are nearly as overvalued as in '99. The opportunity for several more months or even years of irrational exuberance are a possibility. It's hard to stop such a freight train of a strong trend.... so much momentum behind it.

For now .. LONG
Comment:
I meant "not" nearly as overvalued, at least in terms of Money Supply
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