How to Prevent the Uptrend From Getting Out of Control

We're getting close to a full retracement of the downdraft with the next resistance at that February high for the S&P 500 so it's somewhat surprising that sentiment hasn't gotten too greedy but I think it's just a sign of the times and probably for good reason. When you do see the pullbacks on a short-term basis or you get the consolidation phases especially in the market leadership folks tend to see that as opportunity. There's not that frothiness in the marketplace that sometimes characterizes more parabolic up moves, he says.