BUY HIGH, SELL HIGHER?

The motto of the IBD ( Investors' Daily) is worth considering these days. Several Sentiment Indicators are relatively high (complacent) but with what is traditionally the best three months of the year, and the U.S. stock market the best game in town, how much more rally can we see?
The U. of Michigan Consumer Sentiment Index is the highest it has been since...2007!

Last week was the best one in two years as many indices hit all time highs, including the Utilities - the Nasdaq is getting closer. Breadth is very positive, with the McClellan Oscillator hitting above my +50 (sell) number, but it is also the first trading day of the month. Traders' Almanac states the first day in the past outperformed all other days of the month combined.

Commercial traders of Gold are still shorting it bigtime, although I hope we saw a Selling Climax of Volume recently. Gartner sees it going lower.

Here are the numbers from last week - the monthly numbers at the bottom - Margin Interest and ETF flows have been reported as well.

Date>		10/31/2014	10/24/2014
Indices:	DJIA	17390	16805
	NAZ	4630	4483
	SPX	2018	1964
WklyVolume (Bshs).	naz/ny	10.0/4.2	9.3/3.9
Specul.Ratio hi=bullish		2.38	2.38
Sentiment:	put/call-CBOE	62	63
VIX>50-alltmlow=8.8		14	16.1
Advance/Dec-NYSE..		2440/813	2135/572
Weekly Net:		1627	1563
Cumulative:		163414	161787
Weekly	NYSE hi/low	441/156	214/101
New Hi's/Low's	Nasdaq h/l	332/182	137/152
McClellan	Oscillator	84	68
McClellanSum	.+750/-1000	-5	-353
Newsletter	Inv.Intel -Bull:tues	47	35.3
Surveys	Bear:-5yrs	16.3	18.2
	AAII  -Bull :wed.	49.4	49.7
	Bear	21.1	22.5
COT:SPX w/w	large/small (net)k	(4k)/(6k)	(1k)/(7k)
COT:gold  comm.hedg	long-short.000	(99k)	(105k)
CEOinsider	selling	29:1	12:1
off.&bd b/s.vs.	10% holder b/s	160:25	210:25
3-box rev	Bullish%-	60	48
US equity -ICI	Fund Flows	WeekDelay	4.7B
MMF flows	Change in $B	6.1B	12.9B
MargDebt- top (300M)	monthly	464B	SEPT.
ETF:mthlyEqty/	Int'l/Bond-$B	1120/432/276
2-yr Tsy Yield: Inflation		0.49%	0.39%