To: robert b furman who wrote (1211 ) 7/24/2023 9:31:55 AM From: robert b furman Respond to of 1795 Market has had a healthy run and may not yet be over. Bradley turn date today - this market may run for longer based on earnings. Many stocks and indexes have reached or near their TA price objectives. Strong earnings can extend that. Watch the RUT/IWM for small cap strength. My small cap AMNF has been finding resistance at $4.30 - to $4.35. AMNF has had a long consolidation at 2. If Ted's old rule of six times a very long consolidation - a potential of 12 is conservative. If one looks at the 6 year consolidation at 3, it could well be pushing a price of 15, over the very long term. In between they are paying a dividend of 3.5%, which they seem to try to keep in that range. Here is the chart, and note its seems to be walking up the Keltner channel's midpoint line. If this final wave resulted in touching the upper keltner, I'll be considering selling my high cost shares with the hope of a purchase after a corrective wave.stockcharts.com LETS HOPE WE SEE MONEY FLOWS ROTATE SMALL CAPS AND VALUE STOCKS. Note to file: oil stocks may well see money flows return to them as inventories are tight and the shares are not in favor, but fossil fuels will be in demand for decades. The EV hype is beginning to get critics, both from disputing the cleanliness when including all the mining, government largess in rebates that choose winners, and inconvenience of working charging stations. Days supply of EV are beginning to stack up and exceed ICE inventories. I continue to think EV work great in urban areas, but are a tough application for wide open areas - which the US is blessed with. EV as delivery trucks are an excellent application. All they have to do is last the route duration. This will greatly reduce demand for diesel fuel. Never a crime to take profits as clx studies suggest we're nearing a possible time for a corrective wave to show up. You scale out of small caps before the top turns. Once the general market turns, getting out of a small cap is stressful and difficult, not to mention costly. Best of trades to all. Bob